Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

System Crash


In Business This Week: CLOSING BELL

SYSTEM CRASH

The eight-month rally in technology stocks hit a wall on May 30. IBM fell big. Microsoft fell bigger. Biggest of all: Semiconductor giant Intel, which dropped 53/8, to 1101/2, after a 90% runup since Christmas. Why the carnage? "Summer has traditionally been the time demand tends to slow down," says Sanford C. Bernstein analyst Vadim Zlotnikov. And investors fear that shortages of CD-ROMs, memory, and monitors could keep prices high for personal computers and chips.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus