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Nasdaq rocked
The technology-driven US stock
exchange, Nasdaq, witnessed a stampede amid profit warnings from tech
majors. Earlier, the red signal was shown by Microsoft, which was later
followed by major chipmakers, who had warned of low profit expectations
in the third and fourth quarter of the financial year. Recently stock of
Apple had to bite the dust followed by profit warning. Now latest to
join the bandwagon are Lucent technologies and Motorola, who have
downgraded their profit projections. This was well reflected in the
Nasdaq, which tumbled over 750 points in the recent past. World over the
technology stocks are heading southwards after the plunge in Nasdaq.
Via planning new chips
Taiwan-based chip major Via
technologies is planning budget priced new processors for the developing
nations to gain foothold in the market for cheap PCs. Via technologies,
which has acquired Cyrix, is planning to make available an entry -level
PC for nearly $ 200. The company, which is number two, chipmaker in the
world, has produced many budget chips, which are popular in the Asian
region. The company has plans to release a new version of the Cyrix III
that runs at 600 MHz to 733 MHz. In 2001, it will follow up with an
867-MHz version, as well as a chip, code-named Matthew, that contains an
integrated graphics processor.
Bill Gates earned $
639,401 in salary and bonus
Bill Gates, earned a total
salary of $ 639,401 (including bonus), for the fiscal ending June 30.
This represents a meagre 2.6 per cent increase in his emoluments with no
stock options. The Microsoft Corporation in company’s proxy filing
with the US Securities and Exchange Commission released this data. The
salary and bonus of Gates during the last fiscal was $ 6,23,373. His
total net worth of around $ 60 billion is represented by 13.7 per cent
common stock of Microsoft’s shares, besides other assets.
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