Intel continues fall despite job cuts

WHAT A FICKLE maiden Wall Street is. Usually any multinational that puts its axe to the whetstone the better to cut jobs gets a burst of applause from the gal.

But Intel (tick: INTC) dropped on the opening of trade on the stock exchange and had fallen by 34 cents from its close figure of $19.63.

Wall Street is almost as skittish as Eva Glass when she's got her crystal slippers and black silk pajamas on and sups from the Cristal fountain in her apartment in Las Vegas.

Nor did Cisco (tick: CSCO) fare much better on the news that it is going to rebrand itself as a consumer company. You can kind of understand that. Cisco fell 32 cents to trade at $21.77 round about now.

And what of the usual suspects?

AMD also suffered on trading, down 39 cents to stand at $25.83. Strange. We were sure it was wooing a heap of hacks this week out in Dresden, Germany, with some good news to tell the IT scribblers.

The crazy red haired Rambus (tick: RMBS) was up 11 cents and stands at $17.38.

On the software front, Microsoft (tick: MSFT) was up 11 cents to $25.72. Nothing so modest for Google (tick: GOOG), which moves in dollartastic mood swings. It was down $3.21 to stand at $381.15.