September 20th, 1999

[4:15 PM] Apple Stock Watch: Apple Closes At Record High Before Issuing Earnings Warning
by Bryan Chaffin

Apple closed at yet another new all-time high today as Wall Street reacted favorably to news that Apple had won its first round in the battle against iMac knockoff SOTEC. Apple closed at 79 1/16, a gain of 2 1/8 or another 2.76%. Volume was moderately heavy with 4,076,400.

Symantec and Adobe both closed higher as Adobe continues to reap the rewards of a record quarter and a 2-for-1 stock split announced last week. Macromedia closed lower.

On the PC front, only Intel had a down day while IBM, Microsoft, Dell, Gateway 2000, Hewlett-Packard, and Compaq all closed higher.

The Dow and the Nasdaq both closed slightly higher with the Dow closing at 10823.90 a gain of 20.27, and the Nasdaq closing at 2886.15, a gain of 16.53.

After the closing bell, Apple announced an Earnings Warning based on shortages of the G4 from Motorola.

For full quotes for all the companies mentioned in this article, we have assembled this set of quotes at Yahoo!

We also have these 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.