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February 28, 2001 | From Bloomberg News
Analysts at Goldman, Sachs & Co. have some advice for would-be technology investors: Just say no. With slower spending cutting into U.S. tech companies' profits, investors shouldn't jump in to buy the stocks yet, according to Rick Sherlund and other analysts at the influential Wall Street firm. Goldman cut its sales and profit forecasts Tuesday on computer-hardware companies including EMC Corp. (ticker symbol: EMC), Hewlett-Packard Co. (HWP) and IBM Corp. (IBM).
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BUSINESS
September 2, 2000 | From Bloomberg News
Shares of Viant Corp. (ticker symbol: VIAN), Sapient Corp. (SAPE) and other companies that help set up Web sites tumbled after Viant said it will post a third-quarter loss because Internet start-ups are struggling to pay their bills and bigger customers are rethinking their Web strategies. Viant shares plunged $5.69, or 41%, to $8.19 in Nasdaq trading. Sapient dropped $7.75, or 15%, to $44.75, and Scient Corp. (SCNT) fell $5.06, or 19%, to $22. Netopia Inc. (NTPA) fell $9.75 to $26.
BUSINESS
February 12, 2001 | JUSTIN POPE, ASSOCIATED PRESS
E-consultants came seemingly from nowhere during the dot-com boom, offering clients the cachet and technical smarts they insisted would reap Internet success. A number even went public, issuing shares that went stratospheric in the late '90s Nasdaq. But e-consulting is on the skids, joining many of the Web upstarts that relied on its services. Industry standouts like Razorfish Inc. and Viant Corp.
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