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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 672.07-1.7%4:00 PM EST

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To: Johnny Canuck who wrote (34403)9/22/2001 4:11:24 PM
From: Johnny Canuck  Read Replies (1) of 67889
 
"For most consumers, a new PC is a very large discretionary purchase," said Roger Kay, director of client computing at IDC, in a statement. "And that's for new users. When it comes to replacing a system that probably meets a user's basic needs, it's an extremely tough sell in these economic times."

IDC revised its PC market growth forecast down from negative 0.2 percent to the new low of negative 9.7 percent, after factoring in information from the worldwide situation.

"Falling consumer PC shipments in the United States and Japan were a major factor in the adjustment," according to the IDC report. "Far from recovering from the first-quarter decline, U.S. consumer PC shipments were down 17 percent sequentially in the second quarter and down 21.8 percent year-on-year.

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