Disk Drive Sector Discussion Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Disk Drive Sector Discussion Forum

WDC 181.44

+1.0%

Dec 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Madden who wrote (8906)	11/29/2000 8:35:04 PM
From: Mark Oliver	Read Replies (2) of 9256

Mark, I've not really been keeping up lately, but today's news out of Gateway seem to case a major shadow over the market. "The PC maker said it will report sales of around $2.55 billion in the quarter, roughly half a billion dollars below current analysts' estimates and flat from the year-ago period. " "said it expects sluggish PC sales for "the next 12 to 18 months." " "On a conference call with analysts, CEO Jeff Weitzen said the earnings miss was "purely a matter of consumer demand, and not execution." Weitzen made a macroeconomic argument for Gateway's problems. CFO John Todd cited slowing gross domestic product figures, altered seasonal trends and weak consumer spending for the woes. " "Todd said officials were surprised by the severity of the demand downturn. He said PC sales in the first quarter of 2001 will be down 8 percent and flat for the remainder of the year. He also said he anticipated a price war to clear out inventory. " more from ZDNet zdii.com Anyway, it would seem that if this is not a Gateway problem, then we've got some major issue as the they stuff and unstuff the channel. It will surely hurt disk drive prices as they knee jerk around. Is anyone out there worried? Regards, Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next