Table: Unwelcome Surprises

How September news moved big stocks
                    BEFORE NEWS     SEPT. 20
      CATERPILLAR     65 3/8         59 7/8
      Cutting output; third-quarter profits
      will fall below last year's
      ORACLE          44 7/8         39 3/4
      Revenue gains of 39% weaker than fore-
      cast, indicating slower growth
      APPLE           40             36 5/8
      Production problems, slimmer margins will
      push earnings well below estimates
      IBM             97 1/2         95 3/4
      Delay in shipping new mainframes will
      lower third-quarter earnings

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