AAPL dips below $20, Iomega and Macromedia disappoint
Shares of Apple continued to slide today, closing down 4 percent and below $20 for the first time in a month. Shares had climbed as high as $25 prior to Macworld Expo. Meanwhile, Zip disk maker Iomega today reported a second quarter loss of $35.1 million on revenues of $184.1 million, down sharply from the $303.6 million in revenue the company reported in the year-ago quarter.
Read More