<<The fall was due to declines in demand for airplanes and motor vehicles and for electrical equipment, a category that includes items such as computer circuit boards and communications gear.>>
<<Tickets for electronic and other electrical equipment plunged 7.7 percent after soaring 29.4 percent in August, the largest increase since the government began tracking orders in 1958.>>
<<Ashok Kumar, analyst at South Coast Capital in Austin, Texas, said the cuts were in line with his expectations as Intel tries to proliferate the Pentium II chip into computers that cost below $2,000. He expects the Pentium II, which has features that competitors haven't yet matched, to represent half of microprocessor sales by the second quarter of 1998.
Other analysts, however, said the cuts illustrate continuing effects of competition. "This is a combined reaction to the effect of new entrants and falling prices for personal computers," said Drew Peck, analyst at Cowen & Co. "They are steeper than I thought they would be. If Intel calls these price tweaks, I'd like to see what real price cuts look like." >>
<<The technology sector was sharply lower, keeping a lid on the overall Nasdaq market. The Nasdaq computer index tumbled 1.8%.>>
<<Sales of PCs selling for less than $1,000 helped sales at CompUsa by making technology affordable to a new group of consumers, company officials told analysts. >>
<<NEC Corp. retained the top position, but its market share dropped 5.5 percentage points year-on-year to 34.6%. It was followed by Fujitsu Ltd. at 21.5% and International Business Machines Corp.'s IBM Japan Ltd. at 12.9%. Apple Japan Inc., a unit of Apple Computer Inc., lost 1.5 points to 8.0%.
The institute cut its forecast for domestic shipments to 7.8 million units for the full fiscal year, a 6% annual rise, compared to an earlier forecast of 8.5 million units.>>
<<TAIPEI -(Dow Jones)- Acer Inc., the world's seventh-largest computer maker, reported a 23% drop in profit for the first nine months of the year amid steep losses at a chip-making joint venture.>>
<Plus CPQ to sell computers on the NET>
<Plus INTC not to increase buy back>
But the real reason is you Hank, I now agree with you.
Greg |
