Business & Finance
News
3/4/2003
02:07 PM
Connect Directly
RSS
E-Mail
50%
50%
Repost This

Tech Stocks: The Surge Continues

Economic indicators are fueling hopes of a long-awaited recovery.

Major indexes continued their weeklong surge Wednesday as a handful of economic indicators continued to fuel hopes of a long-awaited economic recovery.

VA Software (LNUX) rose 6.2%, or 9 cents, to $1.54; Oracle (ORCL) rose 4.8%, or 61 cents, to $13.26; Nokia (NOK) rose 4.3%, or 73 cents, to $17.76; Dell Computer (DELL) rose 3.9%, or $1.18, to $31.19; Hewlett-Packard (HPQ) rose 3.8%, or 70 cents, to $19.38; Siebel Systems (SEBL) rose 3.1%, or 28 cents, to $9.45; and PeopleSoft (PSFT) rose 1.98%, or 31 cents, to $15.98.

As a result of those high-flying tech issues, the InformationWeek 100 rose 1.1%, or 2.51 points, to 239.47. The Nasdaq-100 Index tracking stock rose 0.3%, or 9 cents, to $29.19; volume was 75.8 million shares. The Nasdaq index rose 0.4%, or 6.55 points, to 1,563.24, its highest point in just under a year.

Less tech-heavy indexes posted smaller gains. The Dow rose 0.1%, or 11.77 points, to 8,793.12, and the S&P 500 rose 0.2%, or 1.74 points, to 953.22.

Comment  | 
Print  | 
More Insights
The Agile Archive
The Agile Archive
When it comes to managing data, donít look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Elite 100 - 2014
Our InformationWeek Elite 100 issue -- our 26th ranking of technology innovators -- shines a spotlight on businesses that are succeeding because of their digital strategies. We take a close at look at the top five companies in this year's ranking and the eight winners of our Business Innovation awards, and offer 20 great ideas that you can use in your company. We also provide a ranked list of our Elite 100 innovators.
Video
Slideshows
Twitter Feed
Audio Interviews
Archived Audio Interviews
GE is a leader in combining connected devices and advanced analytics in pursuit of practical goals like less downtime, lower operating costs, and higher throughput. At GIO Power & Water, CIO Jim Fowler is part of the team exploring how to apply these techniques to some of the world's essential infrastructure, from power plants to water treatment systems. Join us, and bring your questions, as we talk about what's ahead.