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Sun and EMC downgraded due to spreading weakness

Sun Microsystems Inc. and EMC Corp. are being punished for the bad performance of their peers.
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Written by ZDNET Editors, Contributor on

Sun Microsystems Inc. and EMC Corp. are being punished for the bad performance of their peers. Bear Stearns lowered its ratings on both stocks Friday citing "concerns about spreading economic weakness," though the companies themselves haven't indicated any trouble ahead.

Shares in Sun, which was also downgraded earlier this week on growth concerns, was down 0.91 to 30.78. EMC was off 3.13 to 71.5. Full story. -- Tiffany Kary, ZDII

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