DJIA Slumped 140 Pts in Late Session (Intel Corporation, Cisco Systems, Inc., Alcoa Inc., AT&T Inc.)
DJIA Slumped 140 Pts in Late Session
(EMAILWIRE.COM, August 31, 2010 ) New York, NY-Shares of Intel Corporation (NASDAQ:INTC) lost 2.23% to $17.96 on 73.72 million shares. The company on Monday agreed to acquire Infineon's Wireless Solutions Business, called WLS, in a cash transaction valued at approximately $1.4 billion. The deal is expected to close in the first quarter of 2011.
Credit Suisse on Monday lowered its estimates for Intel Corp. following Intel's negative revision of its sales forecast due to a weaker-than-expected consumer personal computer market.
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Cisco Systems, Inc. (NASDAQ:CSCO), one of the Dow's worst performers this month, fell 2.35% to $20.32 on over 58.98 million shares. The stock went down 11% in the month of August and today made its new 52-week low of $20.29.
Cisco Systems, Inc. designs, manufactures and sells Internet protocol based networking and other products related to the communications and information technology industry, and provides services associated with these products and their use.
Alcoa Inc. (NYSE:AA) slid 0.68% to $10.25 on over 21.91 million shares. Alcoa Inc. is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. The Company’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications.
The stock has a 52-week range of $9.81-$17.60 and is down 37% year-to-date. At today`s closing market price, the market capitalization of the stock stands at $10.47 billion.
AT&T Inc. (NYSE:T) decreased 1.15% to $26.63 on over 15.85 million shares. In the last six months of trading sessions, the stock is up more than 7%. AT&T Inc. (AT&T) provides telecommunications services in the United States and the world. It offers services and products to consumers in the United States and services and products to businesses and other providers of telecommunications services worldwide.
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Credit Suisse on Monday lowered its estimates for Intel Corp. following Intel's negative revision of its sales forecast due to a weaker-than-expected consumer personal computer market.
To get FREE Stock newsletters, please sign up at http://www.otcblaze.com
Cisco Systems, Inc. (NASDAQ:CSCO), one of the Dow's worst performers this month, fell 2.35% to $20.32 on over 58.98 million shares. The stock went down 11% in the month of August and today made its new 52-week low of $20.29.
Cisco Systems, Inc. designs, manufactures and sells Internet protocol based networking and other products related to the communications and information technology industry, and provides services associated with these products and their use.
Alcoa Inc. (NYSE:AA) slid 0.68% to $10.25 on over 21.91 million shares. Alcoa Inc. is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. The Company’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications.
The stock has a 52-week range of $9.81-$17.60 and is down 37% year-to-date. At today`s closing market price, the market capitalization of the stock stands at $10.47 billion.
AT&T Inc. (NYSE:T) decreased 1.15% to $26.63 on over 15.85 million shares. In the last six months of trading sessions, the stock is up more than 7%. AT&T Inc. (AT&T) provides telecommunications services in the United States and the world. It offers services and products to consumers in the United States and services and products to businesses and other providers of telecommunications services worldwide.
About http://www.otcblaze.com
Our goal is to make money and help you make money too. We focus on stocks trading on the OTCBB and Pinksheets. We find that the opportunities in these markets to double or triple your investment in weeks, days or even hours is much greater than in other markets. We've seen it, we've done it, and now we want to help you get in on the action too. We do, on occasion, have some picks from the big boards too!!
Disclaimer
The disclaimer is to be read and fully understood before using our site or joining our email list.
PLEASE NOTE: The OTCBlaze.com employees are not Registered as an Investment Advisor in any jurisdiction whatsoever.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Many times we are compensated to feature companies on our site which causes a conflict.
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