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Why Apple shares took a nosedive

9 to 5 Mac - Apple Intelligence found this 9/29/2008 on apple20.blogs.fortune.cnn.com

Apple shares suffered their sharpest fall in eight years Monday morning on the word of two analysts — including one whose record predicting the company’s performance is mixed at best. By 10:30 a.m ET the stock had dropped 16%, wiping out more than $18 billion in the company’s market ...