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Static For Computer Stocks


In Business This Week

STATIC FOR COMPUTER STOCKS

Perhaps it's time to stay out of computer stocks. On Jan. 19, share prices in chipmaker Intel and workstation king Sun Microsystems slumped after both reported slightly lower-than-expected earnings. When Digital Equipment surprised Wall Street the same morning with a $72 million loss for the quarter ended Jan. 1, investors ran for the exits: Digital shares tumbled $3.75, to $32.75. DEC, which in November indicated an end to red ink sometime in the fiscal year ending July 2, now says the turnaround will take longer.EDITED BY KEITH H. HAMMONDS


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