Wednesday, December 30, 2009, 10:58PM ET - U.S. Markets Closed.

Wall Street to Main Street: Beware PCs, Chips

Posted Oct 06, 2008 05:03pm EDT by Sarah Lacy in Investing, Computers, Semiconductors, Products and Trends, Recession
Related: intl, hpq, aapl, dell, rimm

There's a raft of downgrades and warnings pouring out of Wall Street today, and no tech sector seems to be as hard hit as computers and the chips that power them. Just to name a few: UBS is cutting targets and estimates for Apple, Dell and HP; Weisel is cutting estimates on Apple; JP Morgan is cutting them on Dell; Citibank is cutting estimates or downgrading some 15 chip makers.

Post-bailout and post-markets crashing around the world. it seems to be dawning on everyone in tech-- whether on Wall Street or in Silicon Valley-- just how bad things are about to get through the rest of the year and into 2009.

I asked Scott Kessler, of Standard & Poor's Equity Research, just how bad holiday shopping looks for tech and where all these warnings were last week.

Go to Tech Ticker

23 Comments

Noodlerr
Noodlerr - Tuesday October 07, 2008 03:37AM EDT

SEIZE THE PROFITS MADE - DUH SEIZE THE PROFITS MADE - DUH SEIZE THE PROFITS MADE - DUH SEIZE THE PROFITS MADE - DUH SEIZE THE PROFITS MADE - DUH SEIZE THE PROFITS MADE - DUH

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Noodlerr
Noodlerr - Tuesday October 07, 2008 03:39AM EDT

Yea I think taking back about 100 GOLDEN PARACHUTES WOULD COVER IT ALL... RIGHT? MAYBE EVEN JUST 20

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Yahoo! Finance User
Yahoo! Finance User - Tuesday October 07, 2008 04:44AM EDT

DOW TUMBLING AGAIN .BANK OF AMERICA PROFIT DROPS 60 PERCENT.ITS STOCKS TOOK A HIT AFTER HOURS TRADE.THE DOW NEXT STOP 7000

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