The Nasdaq slides as computer sellers and semiconductor companies decline on warnings from Gateway and Altera, while PC makers and retailers banking on a sales pickup in the fourth quarter brace for bad news.
"The year in general looks like it will come in under par."
Hopes dim for holiday PC sales rebound
PC companies and retailers banking on a sales pickup in the fourth quarter are bracing for bad news as consumers are not flocking to buy new PCs during the holidays as anticipated.
New concerns confront Dell Computer
Dell Computer is expected to report strong third-quarter earnings, but future quarters could be more challenging for the PC maker.