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Nasdaq weighed down by tech woes
Led by a disappointing Intel announcement, the technology-laced Nasdaq fell as much as 4.28 per cent, to 2,075.83 in early trading.
Intel stock took a beating, droppin...
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Intel's woe sends shock waves through European exchanges
Intel shares fell eight per cent in after hours trading. The news shook Europe, with the FTSE 100 falling 0.4 per cent and the Techmark down 0.8 per cent
In the UK, Au...
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3Com losses double
The company forecast an operating loss of between $235m and $245m - up from a loss of between $80m and $100m - for Q3, which ends 2 March, 2001. Losses for last quarter w...
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Icon MediaLab sacks 325
The company would not reveal how many jobs in the UK will go, but 85 people will lose their jobs in Sweden, subject to union negotiations.
A spokeswoman for the compan...
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Keep it in the family: Motorola chief hands over to son
The announcement comes days after Motorola released its second profits warning in six weeks, threatening that the company could fall into loss for the first time in 15 ye...
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Lucent stops the sands of time with $4.5bn
Deborah Hopkins, CFO at Lucent, was locked in late night talks with investment banks JP Morgan and Salomon Smith Barney to guarantee the credit line. To entice investors,...
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Motorola acquires Blue Wave
Motorola will exchange approximately 6.5 million common shares for Blue Wave, best know for its ComStruct software which speeds digital signals to what Motorola claims is...
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Nortel stock goes into freefall
The telecom and optical equipment maker yesterday announced, after the NYSE had closed, that it would be cutting 10,000 jobs, instead of the expected 6,000 and that growt...
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