Computer stocks on the decline
By Janet Haney, CBS.MarketWatch.com Last Update: 2:27 PM ET Aug 30, 2000 NewsWatch Latest headlines
NEW YORK (CBS.MW) - Personal computer stocks wilted in the heat of summer Wednesday, as shares of IBM fell for the first time in seven sessions.
The Goldman Sachs Computer Hardware Index ($GHA: news, msgs) couldn't find cover, as it fell 0.8 percent, held down by falling shares of Dell Computer (DELL: news, msgs) and Compaq Computer (CPQ: news, msgs).
IBM (IBM: news, msgs) lost its upward momentum, declining $2.88 to $130.
Quantum's hard disk drive unit (HDD: news, msgs), though, bucked the trend and gained 13 cents to $9.13, as did Iomega (IOM: news, msgs), whose shares added 44 cents to $4.
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