Grim Profit Warnings Send Technology Stocks Tumbling Down. (31-MAY-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Grim Profit Warnings Send Technology Stocks Tumbling Down.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 31-MAY-01

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Byline: Judith Schoolman

May 31--Fresh waves of grim profit warnings prompted investors to sell tech stocks yesterday, sending the Nasdaq skidding more than 4 percent and extending its losing streak to three sessions.

Prompted in part by a high-profile profit warning on Tuesday from Sun Microsystems and a similar red flag from several industry analysts, a range of high-tech companies came under scrutiny yesterday.

The...

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