Feeds

Roundup: Yesterday's markets

Jitters pull Dow and Nasdaq down

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

The neurotic gnomes of New York had a field day yesterday after the Greenspan disappointment. Fretting over an uncertain future US economy pushed the Dow down 238 points (3 per cent), and Nasdaq by 2.3 per cent. The Nikkei reached a 12-year low, reflecting the inability of the Japanese government to sort out the Japanese economy. Still, there will probably be another quarter per cent reduction in interest rates by the Fed on 29 November. One of the results was a tough session for the telecom sector. Nortel, the number two in the North American phone business, warned that because of weak demand in Europe as well as Asia, revenue would not meet expectations, and fell 10 per cent. The ripple took its toll on both Lucent (down 7 per cent) and Nokia (down 3 per cent). AT&T fell 2.5 per cent on the rumour of its interest in acquiring IBM's global network. AOL suffered when an undisclosed nervous investor sold a million shares (for around $115 million), causing AOL to lose 5 per cent. If any further evidence that stock prices do not reflect reality were required, Amazon.com was down only 1 per cent after being off-line for nine hours yesterday for what it called "scheduled maintenance". This explanation seems unlikely. The company claimed the maintenance took five hours longer expected, but this still means that it planned to be down for four hours, and it is most revealing that a significant (though unprofitable) online vendor cannot keep it systems up around the clock. We wonder what software caused the problem. Ovid Technologies, a specialist in medical and scientific content, was acquired by Dutch publisher Wolters Kluwer (whose merger with Reed Elsevier was turned down by regulators) for about $200 million in shares, representing a 19 per cent premium. NCR went up 8 per cent after it bought the Decision Support Services Group unfit of Medaphis for an undisclosed sum. ® Click for more stories

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.