Word: intel
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...Take the tech stocks out, and a funny thing happens. The S&P is down only 4 percent for 2000. The Dow, without year-old components Microsoft and Intel, is up 12 percent for the year. And the NASDAQ? Well, it's all tech stocks. But if you got in six years ago, you're still up 170 percent. The great tech crash of 2000 is just a little...
Sound Morpher INTEL PLAY, $49 Record sounds with this gizmo, then load them into your computer for warping. Humans sound like alien chipmunks, and passing cars become X-Wing fighters...
...high-tech group, well funded and selectively high profile, especially on Capitol Hill. But as America's law-enforcement and intel network struggles to adapt, the terrorists too are changing, becoming more diffuse and better armed. As the U.S. has brought more pressure to bear on nations that sponsor terrorism, terrorists have become more elusive, avoiding alignments with any single mentor. These traits apply not only to the fanatical anti-Western cells associated with Osama bin Laden (pictured), which have emerged as possible suspects in the Cole bombing, but also to groups opposed to Middle East peace like Hizballah...
...heard all the bad news about third-quarter earnings," says tech investor Kevin Landis, portfolio manager at Firsthand Funds. "The good news comes next." Landis expects investors to come back into tech stocks fairly soon, though he doubts they'll flock back into the old bellwethers Intel and Microsoft, which in the minds of some of the tech savvy are on the verge of becoming also-rans. A new list of tech bellwethers is developing, agrees Jeff Applegate, market strategist at Lehman Brothers. It includes networking and e-commerce facilitators like EMC, JDS Uniphase, BEA Systems, Corning and Siebel Systems...
...investing backdrop hasn't been this frightening since 1990. An eroding wealth effect could hurt consumer confidence, while a surging dollar is taking a bite out of the earnings of U.S. multinationals. Among companies sending up earnings flags: Home Depot, Yahoo, Lucent, Intel, Kodak, Dell and DuPont. Meanwhile, renewed hostilities in the Middle East are pushing oil prices higher, threatening to stoke inflation...