You'll get your Mac news here from now on...

Help TMO Grow

Subscriber Login

Advertising Info


The Mac Observer Express Daily Newsletter


More Info

Site Navigation

Home
News
Tips
Columns & Editorials
Reviews
Reports
Archives
Search
Forums
Links
Mac Links
Software
Reports
Contact

December 8th 1999

[3:40 PM] Apple Stock Watch: Linux Stocks Soar, Apple Falls To Profit Taking
by Wes George

The stock market endured a bit of profit taking today which created a choppy and volatile session for many stocks. As usual, this rally is creeping higher only on the backs of a few high tech leaders. More than half of all Nasdaq stocks are down for the year.

Apple gave back 7 3/4 or 6.58% to close at 110 1/16 in a bout of profit taking after Apple's recent 22 dollar gain in the last seven trading session. Volume was below average

The Dow sagged 38 points (0.35%) to close at 11068.

The Nasdaq saw its first down day in 28 sessions, off 0.82 points (0.02%) to close at 3589 on 1.65 billion shares traded. Today was new high volume record for the Nasdaq.

The S&P 500 lost 5.55 points (0.39%) to close at 1403.

The bellwether 30-year Treasury bond lost 17/32 to close at 98 12/32, the yield rose to 6.23% from 6.20% on Tuesday.

In Apple related businesses volatility was the norm. Adobe soared 7 1/8 to end at 67 3/4. Macromedia was up 8 3/4 to 86. Symantec was up 9 5/16 to close at 63 11/16.

Apple's Power PC partners, IBM and Motorola, were mixed. IBM was up 1 1/4 to close at 118 1/4, while Motorola was down 2 1/16.

Apple's competitors were mostly down, Gateway, Dell, Intel, and Microsoft all got hammered again today. Hewlett Packard beat the third day of the Wintel down draft to close up 3 1/4 at 109 11/16.

The Linux hype heated up today pushing Corel (CORL) up 5 5/8 to close at 28 5/16. Corel is marketing a version of the linux operating system. Yesterday, Dell announced that it will start shipping Linux installed on some of their high-end servers, and that Red Hat Inc. (RHAT) will provide customer support.

For full quotes on all the companies mentioned in this article, we have assembled this set of quotes at Yahoo! for your reference. We also have many of these same quotes reported live (20 minute delay) on our home page. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.

Apple



Today's Mac Headlines

[Podcast]Podcast - Apple Weekly Report #135: Apple Lawsuits, Banned iPhone Ad, Green MacBook Ad

We also offer Today's News On One Page!

Yesterday's News

 

[Podcast]Podcast - Mac Geek Gab #178: Batch Permission Changes, Encrypting Follow-up, Re-Enabling AirPort, and GigE speeds

We also offer Yesterday's News On One Page!

Mac Products Guide
New Arrivals
New and updated products added to the Guide.

Hot Deals
Great prices on hot selling Mac products from your favorite Macintosh resellers.

Special Offers
Promotions and offers direct from Macintosh developers and magazines.

Software
Browse the software section for over 17,000 Macintosh applications and software titles.

Hardware
Over 4,000 peripherals and accessories such as cameras, printers, scanners, keyboards, mice and more.

© All information presented on this site is copyrighted by The Mac Observer except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another .