IP: .something fell on the keyboard...

[Dave Farber <farber@cis.upenn.edu>]

>
>Date: Fri, 27 Oct 2000 16:07:58 -0700
>To: dave@farber.net
>From: "Suzanne M. Johnson" <sjohnson@cncdsl.com>
>Subject: ..something fell on the keyboard...
>
>(I like the explanation about something falling on the keyboard....)
>
>
>Nasdaq Reports Intel 25M Share Trade Discrepancy
>  -CNBC
>
>  Dow Jones Newswires
>
>  NEW YORK -- The Nasdaq Stock Market canceled many regular-session trades
>of Intel Corp.
>  (INTC) shares Friday, CNBC reported.
>
>  Nasdaq reported a closing volume of 131 million shares at 4 p.m. EDT, but
>that number was reduced by at least 25 million during after-hours trading,
>CNBC said.
>..................clip..................
>
>  A series of identical 25,000 share trades went through at the closing
>bell, CNBC reported.
>
>CNBC Stocks Editor Patrick Bolland hypothesized that a computer malfunction
>caused the same order
>to be sent multiple times, or that something fell on a keyboard and the
>broker responsible didn't notice.
>
>    -Hollister H. Hovey, Dow Jones Newswires, 201-938-2007;
>     hollister.hovey@dowjones.com