“Technology shares fell Monday, hurt by losses from heavyweights Apple Computer and IBM Corp.,” Matt Andrejczak reports for MarketWatch. “The tech-rich Nasdaq Composite Index dropped 7.23 points to 1,992.12. The Amex Computer Technology Index and the Philadelphia Semiconductor Index both edged lower by more than 3 points.”
“The losses came ahead of this week’s earnings reports due from Apple, Sun Microsystems Inc., one of the world’s largest computer server companies, and Advanced Micro Devices, a smaller rival to Intel for computer chips.” Andrejczak reports. “Apple, which reports earnings Wednesday, fell $1.82 to $41.92, while IBM slipped $1.40 to $86.20. Dell Inc. gave back 29 cents to $37.89.”
Full article here.
Well after the earnings report, things should change.
4 million iPods, 200,000 Mac minis
It’s all good, no worries
AAPL fell today due to a downgrade by Caris & Co. Their report shows them to be completely out of touch and behind the curve by a couple of years. They cite possible problems for AAPL due to the “soon to be released new OS from Windows.” [Longhorn now due out in 2007]
Read more idiocy from Caris & Co. at:
http://biz.yahoo.com/ap/050411/apple_stock.html?.v=1
Technology shares fell Monday, hurt by losses from heavyweights Apple Computer and IBM Corp.,” Matt Andrejczak reports for MarketWatch.
Huh? What losses??
It’s profit taking by the dealers. Which is annoying cos I’m waiting for my own profit taking when Apple hits $50!!
Hopefully the numbers on Weds will cause the stock to rocket.
They won’t ‘rocket’ Neil, but they’ll go up.
They’ll regain more than their lost ground.
About $45 in the coming weeks.
Since when is Apple a “Heavyweight”? That’s pretty freakin’ awesome though, being put in that category.
Take a look – Apple’s stock usually takes a hit after the earning report to profit takers. This is especially true in April, for tax-related reasons. But unlike recent years, there has been no run-up in the stock price. It has fallen since just before the split and was predicted.
The age of dramatic stock earnings is behind us.
Apple did a bang-up job losing their ‘belagured’ monniker and have established itself as a player – at least until Microsoft starts using it’s 50+ Bn cash reserves aggressively.