The University of Iowa
The University of Iowa News Services Home News Releases UI in the News Subscribe to UI News Contact Us

 


CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
e-mail: george-mccrory@uiowa.edu

Release: July 15, 1999

 

MEDIA ADVISORY:

TECH STOCKS/ NASDAQ MARKET

Reporters and editors looking for comments about the recent upswing in technology stocks and the all-time high of the NASDAQ market, which rose 39.9 points Wednesday, closing at 2818.13, may contact the following University of Iowa expert:
Anand Vijh, associate professor of finance, (319) 335-0921.

Vijh said he was surprised at Wednesday's rally in technology stocks which pushed the NASDAQ market to an all-time high. Vijh said recent technology company earnings reports have been mixed. But reports from Intel and Apple Computer have been favorable, he said, while Advanced Micro Devices' report of second quarter per share losses were not so positive.

"It looks like the market is quite exuberant and is tending to ignore bad news," Vijh said. "The market seems fully priced and has already gone quite high."