Apple Computer (AAPL) - Get Report was down 2.5% in preopen Island trading. The company cut prices of high-end computers up to $1,000 to ease a glut of unsold machines. Credit Suisse First Boston said it is maintaining its hold rating on the stock.

Dell Computer

(DELL) - Get Report

was down 5.6% in preopen trading after

Lehman Brothers

cut its 2001 earnings estimate to $1 a share from $1.10.