For tech stocks today, there was a general lack of direction, with the
ending up 11 points. Microsoft closed 4 1/4 lower at 145 3/4 following news that
would sell computers with
Red Hat Software's
Linux operating system.
Meanwhile, Intel rallied following the launch of its Pentium III chip. It closed 3 1/2 higher at 128 1/8.
stabilized after a revenue-shortfall-inspired selloff, closing 1 7/16 higher at 83.
Net stocks were mostly lower, with
one of the exceptions. Broadcast.com rallied 9 15/16, or 17%, to 68 1/8 after it received an upgrade from
Donaldson Lufkin and Jenrette
, though the upgrade came following Wednesday's news that
would be starting up its own Internet broadcasting company. CMGI closed 2 11/16 higher at 100 5/8.
was one of the leading losers on the Nasdaq, though the losses came on relatively light volume and without any news. CNet dropped 10 3/8, or 8.6%, to 110. CNet could benefit on Friday if the debut of
is a success. CNet owns close to 10% of Vignette, which provides Internet relationship management software.
Also falling sharply was
, a semiconductor company that posted better-than-expected earnings, but was cautious in its sales outlook. Sipex dropped 11, or 46%, to close at 12 13/16.