Re: Reflecting Shift To Technology, Microsoft To Be Added To Dow

Gregory Alan Bolcer (gbolcer@endTECH.com)
Wed, 27 Oct 1999 08:05:52 -0700

"Joseph S. Barrera III" wrote:>
> Intel Corp. (INTC), SBC Communications Inc. (SBC) and specialty retailer
> Home Depot Inc. (HD) also were added. The four companies will replace
> Chevron Corp. (CHV), Goodyear Tire & Rubber Co. (GT), Sears Roebuck & Co.
> (S) and Union Carbide Corp. (UK) as of Nov. 1.

Best comment I heard was that they coulda/shoulda done this 8 years ago.

> The impact of the software giant on the stock market was highlighted on Oct.
> 20 when Microsoft posted solid fiscal first-quarter results. The company
> posted earnings that surged past Wall Street estimates and it painted an
> optimistic outlook for the next quarter. The Nasdaq market responded
> favorably to Microsoft's impressive performance and stocks rallied on the
> company's earnings report.

Of course now both MSFT *and* the DOW can now cook their books.

Greg