TechWeb

TECH STOCKS: Traders See Some Bargains

Feb 25, 2004 (12:02 PM EST)

Read the Original Article at http://www.informationweek.com/news/showArticle.jhtml?articleID=18200589


Our indexes broke out of the doldrums Wednesday as tech shares proved too attractive for traders. A mild buying spree helped break the markets out of the red, and the Dow had its first positive close in six days.

Motorola rose 3.4%, or 60 cents, to $17.50; Nortel Networks rose 2.5%, or 19 cents, to $7.70; Cisco Systems rose 2.3%, or 53 cents, to $23.58; Apple Computer rose 2%, or 45 cents, to $22.81; Intel rose 1.4%, or 42 cents, to $29.62; and Dell rose 1.4%, or 47 cents, to $33.30. The Nasdaq-100 tracking stock rose 0.6%, or 22 cents, to $36.58, on moderate volume of 71.7 million shares.

At the closing bell, the InformationWeek 100 index was up 1%, or 3.33 points, to 325.82, and the Nasdaq index had gained 0.9%, or 17.54 points, to 2,022.98. The Dow rose 0.3%, or 35.25 points, to 10,601.62, and the S&P 500 rose 0.4%, or 4.58 points, to 1,143.67.

See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at informationweek.com/stocks.