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Then they decided to build it, throwing the equivalent of $10 million (in funds and hardware) into the project, and emerging with a blueprint for a machine with an Intel chip, 32 MB of ram and 16 MB of flash memory. Running the free Linux operating system, it features a picture-based touch -sensitive screen, multilingual text-to-speech capabilities and a writing pro-gram that differs enough from the Xerox-patented version used on Palm Pilots to skirt costly licensing fees. It allows e-mail and Net access, provided there is a working telephone line. All this, with smart...
...NEWS IS OUT Intel reported one of its worst quarters ever but said demand for computer chips had stabilized. Cisco reported an awful quarter, and the stock rallied. Meanwhile, IBM and General Dynamics posted strong earnings gains...
...statements. Despite last week's rally, the NASDAQ is still down more than 60% from its all-time high and off 14.4% this year. Slowing profits, lack of visibility beyond the next few months, and sympathy selling have scratched once Teflon-tough technology stocks like Cisco, Oracle and Intel. They're so cheap now, you can buy a dozen shares of each for less than the price of a laptop...
...pandering to Wall Street, because Wall Street was already finding its smile. After shrugging off Cisco's woes on Tuesday (and feeling pretty good about having done so), the Dow and the NASDAQ were already surging Wednesday on Street-beating earnings reports from Old and New Economy stocks alike - Intel, General Motors, J. P. Morgan Chase, and AOL Time Warner (parent empire of this writer - go stock options!). The rally, you see, was already...
...Sure. There are a lot of big ones coming this week, and for the next two weeks. (After the bell Tuesday, Intel actually topped estimates.) But I think we'll see a general sorting-out. Everyone knows the first quarter was lousy. The only thing that matters is the outlook for the rest of the year, relative to estimates. It's a given that they're down - it's a question of how much, and are there any surprises. And whether a company's problems - like Kodak, for instance- are deemed to be an individual problem or one that...