World+Dog barks at Nasdaq rout

Brokers with the willies get balls back

Crash Register Before Nasdaq opened yesterday, we wrote about the panic that set in on the US markets last week, and openly wondered what the fuss was all about. So this morning, as promised, we are reprising our story with what actually happened when the markets opened. "CPQ Compaq's share price fell by $1.625 on Friday to close at $25. That means that we've nearly lost our bet with Terry Shannon of Shannon knows Compaq. We thought the shares would rise steadily steeply to coincide with the introduction of its Wildfire technology in May. It's still undervalued in our opinion." Compaq rose by over $2 to close at $26.5625. It's still undervalued. "AMD It didn't fare too badly in Friday's fallout, falling by $5 to close at $66. It's still doing considerably better than the $16 it bumbled along for months last year." AMD rose by $6.625 to close at $72.625. "INTC Intel fell by $10.625 to close at $110.5. Not bad, Chipzilla, not bad. Its Q results are out tomorrow and, let's face it, as the British Prime Minister Tony Blair says too much, it's a good long term bet. It's already said its going to be a building blocks Internet style firm, de-emphasising its microprocessor role. How can it lose in the long run?" Intel rose by $12.5 to close at $123. Its financials are released later on today. "RMBS Cough. Rambus fell to $156.25 on Friday, a drop of over $46. But it, more than many other tech stocks, fell steeply over the week. So will it reach $500 now, as Morgan Stanley forecast a week or two back. Not on your nellie." Special case Rambus rose by $4.6875 to close at $160.3125 "SUNW Sun Microsystems only closed slightly down at $76.5. But then it had posted a 94 profit boost on sales of its non-Intel servers the day before. It's selling oodles of them." Sun rose by $8.375 to close at $84.875. So there we have it. Forget these financial analysts and pundits, they're talking through their buttocks. You can always trust the Crash Register. Related Story World+Dog waits for Nasdaq opening

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