Computer giant
IBM
(IBM) - Get Report
was down 3.3% in midmorning after
Salomon Smith Barney
cut its 12-month price target to $135 from $140.
Analyst John Jones made the move after
Sun Microsystems
(SUNW) - Get Report
lowered its sales and earnings outlook and said that technology spending is weak.
Jones also cut his 2001 earnings estimate for Big Blue to $5 from $5.10
