Word: teche
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...which dropped more than 28 points this week as some Internet-vendor mergers promised tougher competition for the online bookseller; Microsoft, which lost 20 points on general sector pessimism before recovering some on Thursday; Lycos, off by almost half its value in the past three days; and of course tech bellwether Yahoo, down 25 points since Tuesday alone. All four were perking up Friday -- has the sector stopped bleeding? "It depends," says Schwartz. "More earnings reports are due the next few weeks, and then we'll know." Considering the still-sorry economic state of Asia, which remains the sector...
...YORK: Bloodied and bowed but hopefully bottomed-out, tech stocks got a reprieve Friday as traders went bargain-hunting amid the ruins of NASDAQ's week. The index was up 44 points in early afternoon after four-day losses of 200 points, or more that 12 percent. "It's a bounce-back from a horrible week," says FORTUNE writer Nelson Schwartz. "A lot of the earnings reports that came out of the sector were overly optimistic. But even so, a lot of people on the floor were surprised at the amount of hemorrhaging that went...
...TELEVISION Padres at Braves, Fox, 8 p.m. Va. Tech at B.C., ESPN, 8 p.m. Superstars of Gymnastics, ESPN2...
...major competition this year seems to be the familiar face of Virginia Tech. In last year's final the Crimson downed the Hokies 4-1. Beyond that, Passarella sees two Ivy League squads as next in line...
...used to it up here. Who knows bout Virginia Tech?" Passarella asked. "In years past there have been two nice days and tow lousy days. Hopefully the two good days are late in the weekend, when everyone really needs to play his best...