Apple Falls After Analyst Cuts Rating
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Apple Computer Inc.  shares fell about 4 percent on Friday after a Needham & Co. analyst lowered his investment rating on the stock to "hold," saying much of the potential upside to the company's business is reflected in the current stock price.
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Analysts cut their ratings and slashed stock targets for Open Text Corp.(OTC.TO: Quote, Profile, Research) on Wednesday, citing concerns that the software maker&#39;s warning of weaker-than-forecast quarterly results signal growth
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Brokerage announces weaker-than-expected results dragged lower by a writedown in the value of some of its assets.
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NEW YORK : US blue chips ended lower on Monday on higher oil prices and an analyst downgrade of pharmaceutical giant Pfizer; but techs managed a small gain, helped by an upgrade for Apple Computer.
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Stocks slid sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to doubts about the economy's health.
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Wall Street stocks seesawed wildly on Wednesday before closing mostly lower after a rating agency lowered its credit outlook on several bond insurers, and cut one to junk, raising fears of further turmoil in credit markets.
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Apple Inc  on Tuesday  forecast a quarterly profit below analysts' expectations and  posted disappointing holiday-season iPod shipments, sending its  shares down 11 percent in after hours trade on concern  consumers were cutting spending.
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US stocks fell, led by semiconductor makers including Intel Corp. after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, lowered their sales forecasts as some customers cut orders.
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U.S. stocks declined on Tuesday, weighed down by losses in the technology sector after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast.
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Standard &amp; Poor's downgraded its rating on Fidelity Investments parent FMR Corp. , citing lackluster performance at the Boston company's well-known mutual funds division. Standard &amp; Poor's analyst Charles D. Rauch said FMR faces "stagnant earnings and weak profitability" compared with peer investment companies, explaning why the rating on Fidelity's long-term notes was reduced to "AA-minus" from "AA." ...
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Apple Inc. blew past Wall Street's bullish expectations in the first quarter with a 57 percent jump in profit, but a dramatically lower forecast sent shares plunging on fears about slowing consumer spending on electronics.
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Stocks fell slightly on Monday as losses in energy shares were offset by upbeat brokerage comments on companies including Apple Inc.
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Technology stocks sank Friday after Intel Corp., the world&#39;s largest chipmaker, disappointed investors by slashing its revenue forecast.
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Research and Markets (http://www.researchandmarkets.com/reports/c51182)  has announced the addition of Apple Inc. Q2 06 Quarterly Review to their  offering.  Apple Posted the first ever unit sales decline in the history of its  popular digital music player; the iPod.
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Apple Computer Inc.'s blow-out quarterly results had investors cheering on Thursday, but Apple's profitability could weaken as the Mac and iPod maker goes after lower-priced consumer markets that it has shunned in its nearly 30 years of existence, analysts said.
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The Standard &amp; Poor&#39;s 500 Index fell, led by shares of household-product makers, after Kimberly-Clark Corp. reported earnings that trailed analysts&#39; estimates.
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Responding to market changes, Apple on Tuesday dropped the price of its entry-level iPod by $30.