CDW Computer Centers, PC Connection Fall on Lowered Estimates

Computer seller CDW Computer Centers(CDWC Quote) was down 21.9% in early trading. After Thursday's close the company said fourth-quarter earnings would be 40 cents to 42 cents a share, below Wall Street's estimate of 50 cents.

The company also forecast lower revenue and said it is "cautious" about 2001 as the demand for PCs slows. This morning, PC Connection (PCCC Quote) slashed its fourth-quarter earnings estimate to between 21 cents and 24 cents a share, about half the Street's 42-cent estimate. The direct marketer of PCs also cut full-year estimates. The stock was down 33.9%. Banc of America downgraded it to buy from strong buy.