SAN FRANCISCO (MarketWatch) — Technology stocks were mostly in the red Wednesday morning, as shares of IBM Corp. and Microsoft Corp. slipped, becoming the leading Dow component decliners, while Apple Inc suffered a rare downgrade.
Meanwhile, shares of Apple Inc. (AAPL 340.75, -4.69, -1.36%) slid nearly 2% after JMP Securities analyst Alex Gauna downgraded the stock to market perform from market outperform.
Gauna said an Apple manufacturing partner in Japan in Japan was showing a sales-growth deceleration even before the devastating quake.
On Tuesday, Apple announced that it was delaying the launch of its iPad 2 tablet in Japan
http://www.marketwatch.com/story/ibm-microsoft-lead-tech-and-blue-chips-lower-2011-03-16?siteid=yhoof
Meanwhile, shares of Apple Inc. (AAPL 340.75, -4.69, -1.36%) slid nearly 2% after JMP Securities analyst Alex Gauna downgraded the stock to market perform from market outperform.
Gauna said an Apple manufacturing partner in Japan in Japan was showing a sales-growth deceleration even before the devastating quake.
On Tuesday, Apple announced that it was delaying the launch of its iPad 2 tablet in Japan
http://www.marketwatch.com/story/ibm-microsoft-lead-tech-and-blue-chips-lower-2011-03-16?siteid=yhoof
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