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Computer stocks were falling in the aftermath of

Dell's

(Dell) - Get Dell Technologies Inc Class C Report

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

Nasdaq

trading.

And its competitors weren't spared. Shares of

Gateway

(GTW)

were down 12.8%, or $5.93, to $40.27, while

IBM

(IBM) - Get International Business Machines Corporation Report

was lower by 5.5%, or $5.44, to $94 on the

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New York Stock Exchange

.

Apple

(AAPL) - Get Apple Inc. Report

fell 3.1%, or 63 cents, to $19.63, and

Hewlett-Packard

(HWP)

dropped $3.75, or 8.7%, to $39.19.

Compaq

(CPQ)

was also recently down $1.88, or 6.9%, to $25.23 in Big Board trading.

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

saw its shares fall $8, or 8.1%, to $89.63.