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Investor PM: Gateway, Altera lead tech demise

Profit warnings from the likes of Gateway Inc. (gtw) and Alterapushed technology stocks even lower Thursday as theNasdaq composite shed 109 points to a 52-week low of2,598.
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Written by ZDNet Editors on

Profit warnings from the likes of Gateway Inc. (gtw) and Altera pushed technology stocks even lower Thursday as the Nasdaq composite shed 109 points to a 52-week low of 2,598.02 in extremely heavy trading. More than 2.6 billion shares changed hands on the Nasdaq Thursday, the second-heaviest trading day in Wall Street history.

The Dow Jones industrial average plunged 215 points to finish at 10,414.49. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor

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