1 December 2004 – New York (NY): Shares of some leading PC manufacturers fell yesterday in the wake of forecasts by leading research group Gartner that "three of the top ten" may be forced to abandon the market by 2007.
The analyst group predicted that increasingly aggressive price competition worldwide would force top PC manufacturers to consolidate and diversify into related markets.
At close of yesterday’s trading, shares of Dell fell $0.30 to $40.52 on the Nasdaq. And on the NYSE, shares of IBM declined by $1.26, or 3 per cent, and shares of Hewlett-Packard fell by $0.10 to $20.00.
