Computer stocks were falling in the aftermath of
earnings report and sales projection, which prompted several firms to downgrade their calls on the company.
Shares of Dell, which yesterday targeted 2002 revenue growth of 20%, tumbled $5.06, or 17.8%, to $23.38 in
And its competitors weren't spared. Shares of
were down 12.8%, or $5.93, to $40.27, while
was lower by 5.5%, or $5.44, to $94 on the
New York Stock Exchange
fell 3.1%, or 63 cents, to $19.63, and
dropped $3.75, or 8.7%, to $39.19.
was also recently down $1.88, or 6.9%, to $25.23 in Big Board trading.
saw its shares fall $8, or 8.1%, to $89.63.