Tech Winners and Losers: Apple, Palm

The Nasdaq hit a six-year low Friday, with Apple ( AAPL) and Palm ( PALM) among the day's biggest losers.

Apple shares were recently down 5.4% to $84.06 after an analyst at JPMorgan lowered estimates. Palm was falling even further, down 6.5% to $6.19. Research In Motion ( RIMM) was down 4.3% to $36.34, and Nokia ( NOK) was down 4.9% to $8.67.

One of the lone gainers was Yahoo! ( YHOO), which was rising 3.4% to $12.95. Microsoft ( MSFT) was lately off 1.2% to $15.08, and Google ( GOOG) was down 1.3% to $301.65.

Elsewhere:

  • Texas Instruments (TXN) was falling 2.6% to $14.52. Fellow chipmaker Marvell (MRVL), meanwhile, was up 7.1% to $8.05 after investors found reason to cheer its latest earnings report.
  • Dell (DELL) shares were dropping 1.4% to $8.27.
  • Hewlett-Packard (HPQ) was down 4.1% to $25.97.
  • IBM (IBM) was off 3.4% to $84.48.
  • Cisco (CSCO) was down 2.5% to $14.19.
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