From jfn1 at msc.com Fri Sep 22 15:45:14 2000
> * Intel drops 20+% on largest NASDAQ trading volume
> ever (300M shares)
Why?
They warned that profits wouldn't be as big this quarter as everyone thought. They blamed it on Europe. They announced after yesterday's close, and it immediately traded down 20% on the ECNs; stayed there all day today. It set off a big reaction tho, with both the NASDAQ and the DJIA opening down HUGE, but the DJIA recovered to close up 80 points and the NASDAQ came back a significant amount as well.
Interesting coincidence on the day we propped up the Euro ...?
/jordan