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Technology Stocks : Intel Corporation (INTC)

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To: Scumbria who wrote (127074)	2/10/2001 2:25:01 AM
From: Amy J	of 186894

Thread, this doesn't look like a soft-landing for HP: Message 15330595 "We anticipated a slowdown in U.S. consumer IT spending and continued strength in enterprise IT spending, all in the context of the prevailing view that the U.S. economy was headed toward a soft landing," said HP CEO Carly Fiorina. "It's clear there's been a significant change in market conditions in recent weeks," she continued. "Consumer spending in the U.S. has been below even our own conservative estimates and our enterprise customers -- responding to the growing economic uncertainty -- have become increasingly cautious about IT spending." Gateway Slashes Workforce; HP Issues Warning By Mary Mosquera, TechWeb Finance Jan 11, 2001 (3:57 PM) URL: techweb.com Computer makers Gateway Inc. and Hewlett Packard Co. blamed the economy for earnings and sales warnings Thursday. Gateway (stock: GTW) also will slash its workforce 10 percent and take a $50 million charge in the 2001 first quarter.

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