Intel Battered on Warning - TheStreet

Intel

(INTC) - Get Report

was down 22.1% at the bell -- more than 13 points -- on record volume for a

Nasdaq

issue. The chip bellwether depressed many tech stocks, though some broke free and rebounded. The

Semiconductor Index

bounced back to 926.50, down 5.9%, after falling as low as 892.90. Computer makers also turned in a mixed performance, with

Hewlett-Packard

(HWP)

rising 9.3% on a rosy forecast and

Dell

(DELL) - Get Report

falling 5.3% after touching a new intraday low, despite CEO Michael Dell's insistence in late afternoon that the company's sales expectations had not changed.

IBM

(IBM) - Get Report

gained 2%. Widely-followed

Cisco Systems

(CSCO) - Get Report

lost 1.3%.