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Author Topic:   The week in review: Intel, Yahoo sock stocks
CShock
Sergeant

Posts: 65
Registered: Oct 2000

posted 03-11-2001 01:53 AM


The financial markets ended a rocky week lower after dour news from Intel and Yahoo shook technology stocks across the board.

On Thursday, the giant chipmaker warned Wall Street for the second time that revenue estimates would fall below forecasts. Citing increased softness in the market for PCs, Intel now expects revenue around $6.5 billion, approximately 25 percent below fourth-quarter revenue of $8.7 billion. These estimates would make it Intel's slowest quarter since late 1997.

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http://news.cnet.com/news/0-1005-200-5058842.html?tag=lh


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