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Technology Stocks : All About Sun Microsystems
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To: Jean M. Gauthier who wrote (20884)10/8/1999 12:39:00 PM
From: Sonki  Read Replies (2) of 64865
 
here is why sunw is down...sunw refuses to touch 90 .. IBM CORP (111-3/8, down 5 @ 10:39 am ET) stock fell in morning
trade amid investor concerns over its 3Q results prompted by
profit warnings by small companies with business links to the
world's largest computer company, analysts said. Investors worried
that soft sales of its bigger computer systems may have sapped the
performance of IBM in the quarter ended September 30. Helping to
spark the latest decline in IBM stock was a report by Daniel Niles
of brokerage BancBoston Robertson Stephens that cited recent
shortfalls at several small companies with distribution deals and
other ties with IBM. Some of those companies blamed Year 2000
corporate spending slowdowns -- a trend that could affect IBM, too
-- for their weaker-than-expected results.
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