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Politics : Idea Of The Day

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To: active22 who wrote (33754)	9/28/2000 6:13:46 PM
From: Skywatcher	Read Replies (1) of 50167

After the Bell - Apple Computer hammered after warning NEW YORK, Sept 28 (Reuters) - Shares of Apple Computer Inc. (NasdaqNM:AAPL - news) lost nearly 40 percent of their value in after-hours trade on Thursday after the computer maker warned its fourth-quarter profits would widely miss forecasts due to slower than expected sales in September. The shares of Apple last traded at $32-7/8 on the Instinet electronic brokerage system, from their close at $53-1/2 on Nasdaq before making the announcement. Apple last fetched $32.9961 on the Island order-matching system. Apple said in a statement it expects to report fourth quarter earnings of 30 to 33 cents per diluted share, excluding investment gains, compared with the consensus analyst forecast of 45 cents. Revenues should come in between $1.85 and $1.9 billion for the quarter ending Sept. 30, it said. lot's of red in the general after hours market. chris

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