“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.