Enron Mail

From:msnmoneyupdate_029838@ms-moneycentral.customer-email.com
To:houston <.ward@enron.com<
Subject:Tech leads market down
Cc:
Bcc:
Date:Thu, 25 Oct 2001 10:35:17 -0700 (PDT)

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Leading Indexes(as of 10/25/2001 11:00 hours ET) http://moneycentral.msn.com/investor/market/leading.asp

Quotes supplied by Standard & Poor's Comstock and delayed at least 20 minutes. Data Source: http://www.spcomstock.com


Name LEVEL CHANGE %Change
-------- -------- ------- -------
Dow Jones Industrial Average 9,227.23 -118.39 -1.27%
S & P 500 Index 1,071.54 -13.66 -1.26%
Nasdaq Composite Index 1,698.70 -32.84 -1.90%
Amex Composite Index 821.76 -1.81 -0.22%
Russell 2000 Index 426.39 -1.26 -0.29%

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Market Summary (as of 10/25/2001 11:00 hours ET) http://moneycentral.msn.com/articles/common/summary.asp

Tech leads market down
Provided by MSN Money

This was supposed to be a big day for technology companies. And it is turning into a big day on Wall Street, but a big day the wrong way.
<P<
The Dow is off more than 150 points, or 2%, and the Nasdaq off about 2.5%, at 11 a.m., while the technology indexes are getting hammered. The Amex Networking Index is off almost 4%, the key semiconductor index is off about the same and the Amex computer technology index is off 3%.
<P<
Most notably, Microsoft is down 2% this morning, just as the company releases its much-touted Windows XP operating system. (Microsoft is the parent of MSN Money.) The software has been widely praised, but will users rush in to pay $100 or more to upgrade to it? Investors, at least, don't seem to think so.
<P<
If there's doubt that software at a couple hundred bucks will move in this economy, there's even more about computers at a couple thousand.
<P<
Computer makers have also long been expecting a rush as users trade in their four and five-year-old systems for gadgets that will run XP. But makers like Compaq, Dell Computer and Gateway are all getting blasted this morning.

Full day's coverage: http://moneycentral.msn.com/articles/common/summary.asp



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