UK bailout unveiled, markets unimpressed

by Scott Bicheno on 8 October 2008, 10:25

Tags: AMD (NYSE:AMD), NVIDIA (NASDAQ:NVDA), HM Treasury

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A quick look at the HEXUS.sharewatch chart confirms that our selected tech stocks have more or less followed the markets, i.e. down around 8-9 percent. The exception on the upside is AMD, which revealed its corporate restructure yesterday and on the downside NVIDIA, which added rumours of the demise of its chipset business to its many other current challenges.

This snapshot was taken at 9:30 this morning so all the prices are overnight ones except the FTSE 100.

 

Company Listing Share price 23/9/08 Share price 29/9/08 Share price 6/10/08 Share price 8/10/08 2-day change Market cap (bn)
AMD AMD 4.99 4.29 4.53 4.59 1.3% 2.79
Apple AAPL 131.05 105.90 97.07 89.16 -8.1% 78.98
Avnet AVT 25.71 23.90 21.74 19.95 -8.2% 3.00
Dell DELL 16.57 15.41 15.25 13.55 -11.1% 26.54
Google GOOG 430.14 390.08 386.91 346.01 -10.6% 108.80
HP HPQ 47.16 44.55 43.00 39.68 -7.7% 97.18
IBM IBM 116.21 114.46 103.44 95.65 -7.5% 129.59
Ingram Micro IM 16.62 16.20 14.88 13.78 -7.4% 2.29
Intel INTC 18.50 17.25 17.31 16.02 -7.5% 90.06
Microsoft MSFT 25.40 25.10 26.32 23.23 -11.7% 212.10
Nvidia NVDA 11.17 10.08 9.03 7.24 -19.8% 4.03
Tech Data TECD 29.67 29.34 27.72 25.24 -8.9% 1.27
Yahoo YHOO 18.68 16.90 16.00 14.58 -8.9% 20.20
Dow .DJI 11015.69 10365.45 10325.38 9447.11 -8.5% N/A
FTSE 100 .FTSE 5170.27 4818.77 4738.60 4330.05 -8.6% N/A
NASDAQ .IXIC 2178.98 1983.73 1947.39 1754.88 -9.9% N/A

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HEXUS Forums :: 16 Comments

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Posted by nichomach - Wed 08 Oct 2008 12:58
Strikes me that we'll know when/if it works, not when the FTSE goes up, but when inter-bank lending for anything other than overnight/short-term recovers, and it'll be a little while before we know about that?
Posted by SiM - Wed 08 Oct 2008 12:59
We will see if these bailouts can prevent the 2nd Great Depression… I think it will still take a few years for the system to recover. You must have heard this before, but hang tight to your money people, now is not the time to buy a maserati or 10 bedroom mansion
Posted by Saracen - Wed 08 Oct 2008 13:37
SiM
We will see if these bailouts can prevent the 2nd Great Depression ……
In all likelihood, it will either prevent it or finally trigger it. After all, if this doesn't work, what can they do next? And if there is something else that could be done, why hasn't it been done already?
Posted by shaithis - Wed 08 Oct 2008 14:28
If it doesn't work, that's one huge amount of taxpayers money lining the pockets of the fat cats.
Posted by Funkstar - Wed 08 Oct 2008 14:31
shaithis
If it doesn't work, that's one huge amount of taxpayers money lining the pockets of the fat cats.
Have I got this wrong or is it actually £500bn being made available as loans to the banking industry, not £500bn being given away?

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