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Tech Industry

Market Close: Successful week comes to an end

It was an unusually calm "triple witching" day on Wall Street Friday as the Dow Jones industrial average inched up 14 points to 10,855.56 while the Nasdaq composite gained 19 points to 2,563.40 in heavy trading.

Technology stocks managed to find success despite some bad news for one of its most important companies.

Intel Corp. (INTC) fell 3 1/16 to 54 15/16 after Morgan Stanley downgraded it to "market outperform" from "strong buy." Advanced Micro Devices Inc. (AMD) inched up 3/8 to 18 3/4 and other chipmakers were mixed. IBM Corp. (IBM) added 11/6 to 120 7/8.

Internet stocks closed mostly higher Friday as Yahoo! Inc. (YHOO) shot up 2 to 144 1/2. Amazon.com Inc. (AMZN) fell 1 5/8 to 111 5/16 while At Home Corp. (ATHM) and Infoseek Corp. (SEEK) closed up 1 1/8 to 52 7/16 and 1 3/8 to 48 13/16. CMGi Inc. (CMGI) picked up 3 to 99 1/2.

Among widely held PC stocks, Dell Computer Corp. (DELL) inched up 13/64 to 36 45/64; Compaq Computer Corp. (CPQ) lost 11/16 to 21 13/16; Gateway Inc. (GTW) fell 2 to 65 1/16 and Apple Computer Inc. (AAPL) added 3/4 to close at 47 1/8.

There were more than a few Internet initial public offerings Friday. Some got off to better starts than others.

Goto.com Inc. (GOTO) moved up 7 3/8 to 22 3/8, leading a flurry of initial public offerings. Viant Inc. (VIAN) closed up 8 3/8 to 24 3/8 but AppNet Systems Inc. (APNT) was unchanged at 12. Mail.com (MAIL) gained 1 3/4 to 8 3/4 and Streamline.com Inc. (SLNE) actually lost 2 3/8 to 7 5/8.

General Magic Inc. (GMGC) rose 1 1/16 to 4 7/8 after pairing with Excite At Home Corp.

Lucent Technologies added 1 1/4 to 62 7/8 after announcing it is prepared to pay between $600 million and $800 million for Nexabit