A downgrade of Apple weighed on the tech sector Monday.
Citigroup lowered its rating on Apple shares to hold from buy, saying the good news is largely priced into the stock at current levels. The firm also said it doesn't expect a new video iPod in time for the holiday season. Apple shares lost 2.8% on the downgrade.
Would an antimatter apple fall up? - space - 12 June 2008 - New :: Space Technology. Human Spaceflight. Astronomy. Special Reports Nanotube springboard weighs bouncing atoms 14:11 21 July 2008. Explore by Subject http://space.newscientist.com/article/dn14120-would-an-antimatter?feedId=online-news_rss20HOME | iPod stockpile weighs on Apple - CNET News.com:: Apples shares falls after a fan site says the Mac maker is sitting on tens of Personal Tech. News Blogs. Video. My News. Site map. Help center http://news.cnet.com/2100-1047_3-5730909.htmlHOME | Qualcomm also weighed heavily on the Nasdaq, falling 4.6% on concern about the outcome of its patent dispute with Broadcom.
Keane fell 20% on a warning.
CryptoLogic and Optimal Group tumbled on a new Internet gambling law.
HP shares hit a new 52-week high on optimism that CEO Mark Hurd will survive the company's leak investigation scandal.
CLICK: Apple Archives:: in the fall of 2006. And the thing weighs 3 pounds. That comes out to $599.67 per pound or is now available on the Daily News Technology page. http://www.insidesocal.com/click/appleHOME | Chip stocks were weak despite a strong industry sales report for August, as traders fretted about rising inventories and a lower sales outlook. After the close, Marvell warned that its quarterly results will be lower than expected because of weak demand from HDD customers, and the company also said it will restate past results because of option discrepancies.
AppleInsider | Citigroup weighs in on Leopard, 3G iPhone, and new iPod :: MacBook Pro in the Fall, new iterations of all Apple laptops featuring Intels Apple settles suit with Klausner over Visual Voicemail technology http://www.appleinsider.com/articles/07/04/10/citigroup_weighs_inei=Ci4iRt68NafE0gHl8oi0CwHOME | The Apple Store (New Zealand):: Its a great idea but unlike Apples usual dependability this one falls flat. (7.2.1, which even Apple Tech Support had me downgrade away from) and OS http://store.apple.com/0800-MY-APPLE/WebObjects/nzstore.woa/wa/QSre=MB053X/A&revw=MB053X/AHOME | The broader market stalled on a weaker than expected national manufacturing report that also contained good news on inflation, putting talk of a new all-time high in the Dow on hold for another day. Friday's monthly jobs report will be the next big economic data point.
The Nasdaq lost 20 to 2237, the S&P 500 fell 4 to 1331, and the Dow slipped 8 to 11,670. Volume declined to 2.06 billion shares on the NYSE, and 1.87 billion on the Nasdaq. Decliners led 17-14 on the NYSE, and 20-10 on the Nasdaq. Downside volume was 63% on the NYSE, and 69% on the Nasdaq. New highs-new lows were 140-27 on the NYSE, and 105-74 on the Nasdaq.
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