Feeds

Roundup: Markets on 1st October

All fall down again...

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Fear of recession gripped Wall Street yesterday, causing the Dow to drop 210 points (2.7 per cent) and Nasdaq 82 points (4.8 per cent, which would be the equivalent of 377 Dow industrials points, showing that the high-tech market suffered more than NYSE). As a result, money is flowing from equities to bonds, but the 30-year Treasury bond dropped again to yield only 4.87 per cent interest, the lowest since 1967. Using the Wilshire 5000 index, US investors lost $324 billion yesterday. The power of financial analysts to influence the share price was evident yesterday when Richard Park of Merrill Lynch downgraded Cambridge Technology Partners, Ciber and Keane, resulting in falls of 6 per cent, 20 per cent, and 6 per cent respectively. Considering that their p-e's are 15, 18 and 14 respectively for 1999 earnings, this did seem excessive. Steven Brier of BancBoston had an interesting observation. He thought that such companies offered essential services, and were less influenced by Y2K spending patterns: "You cannot not spend on a Year 2000 project right now and you can't not spend on maintenance of your existing legacy systems, and you can't stop a project that is halfway completed." There were some big losers. The Irish CBT Group that specialises in training was hammered 29 per cent after its CEO and CFO resigned because of anticipated poor Q3 results to be released later this month. Microsoft was down 6 per cent, Cisco down 7 per cent, Dell down 6 per cent, Compaq and Gateway down 5 per cent. The Internet sub-sector had one of its heavier swings with AOL down 10 per cent, Excite down 13 per cent, Yahoo down 13 per cent, and Amazon.com down 8 per cent. Click for more stories

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.