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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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