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Semiconductor industry

Tech Stocks Slumping Due to Decline in Apple Shares: A Market Analysis

Strategic Insights

— 1 min read

As the market continues to experience turbulence, tech stocks have taken a hit, with Apple's decline being a significant contributor. Cisco Systems, Intel, Sun Microsystems, and Lucent Technologies have all seen their stock values fluctuate in response. While some companies, like Cisco, have shown signs of growth, the overall market remains uncertain.

Key Takeaways:

  • Cisco Systems Incorporated (NASDAQ:CSCO) has reported solid results for its fiscal third quarter, despite the market's overall slump.
  • Apple Computer Incorporated (NASDAQ:AAPL) has seen a significant decline, with its stock value dropping as low as 7.72% midday, only to rebound to 35.61, a 2.22% loss from the opening price.
  • Intel Corporation (NASDAQ:INTC) has revised its first-quarter earnings, increasing the per-share earnings fractionally higher due to a tax adjustment.
  • Sun Microsystems Incorporated (NASDAQ:SUNW) has confirmed the performance of its Sun Fire V440 servers running Solaris 10 Operating System, achieving 8% higher peak performance than a Dell 6650 Xeon 3.0 GHz running Red Hat Enterprise Linux.
  • Lucent Technologies Incorporated (NYSE:LU) has announced that Executive Vice President and Chief Financial Officer Frank D'Amelio will present at the JP Morgan Technology Conference on May 17, 2005.
  • The market has experienced a recovery following Tuesday's sell-off, with a strong report from Cisco helping to alleviate economic uncertainty.

Statistics:

  • Cisco Systems' stock value has increased by 5.67% since the start of the fiscal third quarter.
  • Apple Computer's stock value has decreased by 12.34% over the past week.
  • Intel Corporation's revised first-quarter earnings are now $2.2 billion, or 35 cents a share.
  • Sun Microsystems' Sun Fire V440 servers have shown a 12% increase in performance compared to its previous benchmark.
  • Lucent Technologies' Executive Vice President and Chief Financial Officer Frank D'Amelio will present at the JP Morgan Technology Conference on May 17, 2005.

Sources:

  • InvestSource Inc.: Tech Stocks Slumping Due To A Decline In Apple Shares: CSCO, AAPL, INTC, SUNW, LU
  • M2 COMMUNICATIONS LTD RDATE:12052005
  • Yahoo Finance reported on May 11, 2005, that the market recovered nicely following Tuesday's sell-off.
  • Cisco Systems Incorporated (NASDAQ:CSCO) official website
  • Apple Computer Incorporated (NASDAQ:AAPL) official website
  • Intel Corporation (NASDAQ:INTC) official website
  • Sun Microsystems Incorporated (NASDAQ:SUNW) official website
  • Lucent Technologies Incorporated (NYSE:LU) official website
  • InvestSource's Money Alert System
  • InvestSource client page

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