Nasdaq slips as tech fears weigh on market
The Nasdaq fell sharply on Monday amid concerns over a possible breakup of Microsoft and slower PC sales, dragging the tech sector. The Nasdaq closed at 3,482.48, Dow rose to 10,906.10, while NYSE volume and breadth showed mixed results.
MENTIONED IN THIS ARTICLE
Microsoft
New York Stock Exchange
NYSE
Iowa
General Electric
Gillette
Firstar
RF Micro Devices
Conexant
McLeodusa
National Computer Systems
Gas prices slip 4 cents a gallon in two weeks
CAMARILLO Calif AP The Lundberg Survey shows the national average gas price fell to 1.532 per gallon from 1.5709 over the past two weeks linked to lower crude oil prices and higher production Analyst Trilby Lundberg cited the larger drop and warned against predicting immediate further cuts while noting price trends remain unsettled.
MENTIONED IN THIS ARTICLE
Camarillo
Calif
U.S
Trilby Lundberg
Lundberg
Rain slows and speeds Iowa corn planting in scattered progress
Iowa farmers reported varied planting progress last week with a statewide 10 percent corn planted. The Central district led at 21 percent while East Central averaged 4 percent. Rainfall totaled 0.96 inches. Cedar Rapids 1.76, Iowa City 2.13, Davenport 3.67 inches. soil temps around 50, seasonal goal 55. Bill Mysak said fields are too wet to plant yet but tractors may roll today.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa City
Davenport
Bill Musak
Linn Co-operative Oil
Marion
Mysak
Microsoft stock falls amid antitrust breakup chatter
Microsoft shares dropped about 16 percent as investors priced in a grim outlook, downgrades, and reports that the Justice Department and 19 states may seek a breakup. The stock closed at 66.62 on Nasdaq, erasing over 40 percent of its value from December highs while Gates saw a multibillion loss.
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Seattle
Microsoft Corp
Microsoft
Justice Department
John Connors
William Epifanio
J.P. Morgan
The
Wall Street Journal
Washington Post
USA Today
Jim Cullinan
Bill Gates
Internet Asia drive early PC sales surge in 2000
Dataquest and IDC report strong first quarter results with PC shipments up about 15 to 20 percent year over year. Total PCs shipped near 30 million with U.S. sales around 11 million plus. Asia's rebound boosts Asia Pacific and Japan gains while analysts warn a replacement cycle and new model improvements are needed.
MENTIONED IN THIS ARTICLE
San Francisco
Asia
Dataquest Inc
International Data Corp
San Jose
Calif
Bruce Stephen
IDC
Asia/Pacific
Japan
Dataquest
Charles Smulders
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Runzheimer Int Research Vpat Carr
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Iowa Crops & Weather Report
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Linn
Johnson Counties
Iowa Agricultural Statistics
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FDIC
Iawatha Bank & Trust Company
Center Point Road
Hiawatha
Internet
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American Stock Exchange
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Private Portfolio Group
PPG
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Merrill Pynch, Pierce, Penner & Smith Incorporated
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