Apple Computer Drags Down PC Stocks
Apple Computer
(AAPL) - Get Apple Inc. Report
was down 14.7% to a 52-week low of $14.50 in early trading after warning of a first-quarter loss.
Bear Stearns
and
Lehman Brothers
lowered 2001 estimates to project a loss for the company.
Credit Suisse First Boston
downgraded Apple and
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TheStreet Recommends
Gateway
(GTW)
to hold from buy and lowered
Compaq
(CPQ)
to hold from strong buy.
Compaq was down 9.6%. Gateway was down 7.1% after touching a year-low of $17.
Dell
(DELL) - Get Dell Technologies Inc Class C Report
was down 6.2%.
