CSMF.SI closed @4.900 +0.200 +4.26% 19,822,000
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SINGAPORE STOCK CALL: Salomon Smith Barney upgrades Chartered Semiconductor (Singapore: CSMF.SI - news) (C27) to buy from outperform but reduces earnings estimates. Says based on company's guidance of further 25% decline in 2Q revenues, reduces FY revenues to 38% fall from 23% fall; also cuts 2Q per share loss to 51 U.S. cents from 22 cents. However, given encouraging news from customers such as PMCS, says Chartered likely approaching trough utilization rates in low-40% range in 2Q and expects cyclical bottom by 3Q
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European First-Quarter PC Sales Rise 7%, More Than Expected
4/23/01 5:22 AM
Source:Bloomberg News
London, April 23 (Bloomberg) -- Western European personal- computer sales rose as much as 7 percent in the first quarter, more than analysts expected, driven by sales to businesses, according two market research companies.
Total PC shipments in Western Europe rose 7 percent, Context said. IDC said shipments rose 5.8 percent in the first three months, fueled by business sales of PCs and servers, the larger computers that run corporate networks.
European companies have resumed computer spending after freezing investment in 2000 because they spent heavily ahead of the Year 2000 date change. The demand for new equipment now is driven by a rising use of Microsoft Corp's new operating system, Windows 2000, IDC said. |
