Bad news from Intel pushes tech stocks lower

Technology shares sank today on disappointing news from Intel, briefly pushing the Nasdaq composite index into negative territory for the year despite a brighter forecast from wireless equipment maker Qualcomm.

Bad news from Intel pushes tech stocks lower
Mon, 23 Feb, 2004 - 21:54

Technology shares sank today on disappointing news from Intel, briefly pushing the Nasdaq composite index into negative territory for the year despite a brighter forecast from wireless equipment maker Qualcomm.

Blue chips also slumped after the US Army cancelled a helicopter programme, sending Boeing and United Technologies lower.

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CourtsBusinessHeathrowPlace: BaltimorePlace: South KoreaPerson: Alan GreenspanPerson: Stephen MassoccaPerson: MassoccaPerson: Richard E. CrippsPerson: CrippsOrganisation: IntelOrganisation: NasdaqOrganisation: QualCommOrganisation: US ArmyOrganisation: BoeingOrganisation: United TechnologiesOrganisation: CitigroupOrganisation: Wal-MartOrganisation: Federal ReserveOrganisation: Pacific Growth EquitiesOrganisation: Wall StreetOrganisation: Legg MasonOrganisation: Intel Corp.Organisation: Internal Revenue ServiceOrganisation: DowOrganisation: Boeing Co.Organisation: United Technologies Corp.Organisation: Qualcomm Inc.Organisation: KorAm BankOrganisation: KorAmOrganisation: INC.Organisation: Lowe’s Cos. Inc.Organisation: LoweOrganisation: Home DepotOrganisation: New York Stock Exchange
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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