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Wit Soundview

downgraded several PC makers this morning, citing weak October sales and the dangers of price competition amid sluggish demand.

The firm cut its ratings on

Apple

(AAPL) - Get Apple Inc. Report

,

Dell

(DELL) - Get Dell Technologies Inc. Class C Report

and

Intel

(INTC) - Get Intel Corporation Report

to buy from strong buy.

Shares of Apple were recently unchanged at $18.44, while Dell shares were tumbling 7%, or $1.75, to $23.19 in

Nasdaq

trading. Shares of Intel, which today introduced its new Pentium 4 chip, were off 1%, or 44 cents, to $41.13 on the

Nasdaq

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.

Gateway

(GTW)

, whose shares were recently falling 10%, or $3.98, to $35.75, had its rating cut to hold from buy.

Other members of the sector were also generally lower this morning. Shares of

Hewlett-Packard

(HWP)

were recently down 0.7%, or 25 cents, to $35.38, on the Big Board, while shares of

Sun Microsystems

(SUNW) - Get Sunworks Inc. Report

were also in the red at $83.69, down $5.69, or 6.4% in

Nasdaq

trading. But shares of

IBM

(IBM) - Get International Business Machines Corporation Report

recently gained 0.3%, or 31 cents, to $102.25 in

New York Stock Exchange

trading. Shares of

Compaq

(CPQ)

were down 77 cents, or 3.1%, to $24.23.