Apple, Intel Shares Slide Amid News of Chip Deal

Shares of Apple Computer and Intel fell Monday as investors appeared unenthused with a deal between the companies.

The broader technology-stock market was flat as investors continued to express disappointment in Friday's dismal employment report, while weighing a flurry of news from the sector. In early afternoon trading, the Nasdaq Composite Index was down nearly one point to 2070.46, after sliding 26.37, or 1.3%, on Friday. Morgan Stanley's high-tech index eased 0.16 to 482.59 points and the Nasdaq-100 index of nonfinancial stocks lost 2.15 to 1542.33 points.

Source: WSJ


Posted: Mon - June 6, 2005 at 03:55 PM