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FOOL GLOBAL WIRE LEXINGTON, KY. (November 11): The Nasdaq Composite finally got back over the top today and set a new record high along with the S&P 500 and Dow Jones Industrial Average. The last record for the Nasdaq was only a few weeks ago, but since then the technology-heavy index has floundered a bit while the S&P and Dow continued posting new records. So, with the Nasdaq crossing 1260, we had a record-breaking trifecta.
Concerning company news, though, it was a somewhat light day. Networking powerhouse 3Com was the only Investing for Growth holding showing up on my news radar for the session. Building quickly on its recent acquisition of OnStream Networks, 3Com announced two new Asynchronous Transfer Mode (ATM) wide-area network (WAN) access products for service providers and enterprise users.
AccessBuilder 9300 and AccessBuilder 9010 provide new solutions for accessing high-speed Internet services and ATM networks (public or private) from small offices and remote sites.
According to the press release, "the new small-office ATM access products integrate users' legacy data, voice and video communications and adapt the traffic to ATM for cost-effective WAN transport over T1 and nxT1 Inverse Multiplexing for ATM (IMA) services. They provide higher capacity, more advanced traffic management, and lower price points than other access products available today." Got that? I knew you would!
Coming up this week are inflation numbers (Producer and Consumer Price Indices) and the Federal Reserve's Open Market Committee meeting. Be prepared if any of these events generates a surprise. It wouldn't be unusual for the market to go haywire given its recent advance of some 11% over the last nine weeks. But for Fools, don't let it get to you if and when it happens. The joys of long-term investing include not having to predict such things and getting to spend your worry quota elsewhere, like whether your son's going to wreck the car on his date Friday night, or whether you should let your boss beat you on the golf course next time. Who has time to worry about predicting where the market's going this week? |
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