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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 265.39+4.2%3:59 PM EST
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To: etchmeister who wrote (24532)9/14/2010 1:32:09 PM
From: etchmeister   of 25522
 
Acer July Revs Down 40.5% From June, Off 37.7% From Yr Ago
(Did Savitz post August sales? - now it up 40% - now what?)
* Cree Swoons On Disappointing Guidance; UBS Cuts Rating
* Avnet CEO Vallee: Company Had Strongest Quarter In Years

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By Eric Savitz

Adding to the Street’s anxiety about PC demand, Taiwan-based PC maker Acer this morning reported July revenues of $815 million, down 40.5% from June, and off 37.7% from a year ago, DigiTimes notes.

The company continues to see 10%-15% sequential revenue growth in Q3 from Q2, with second half revenue up 10%-15% from the first half. Acer expects growth to be driven by new PCs with the latest Intel processors that are expected to launch in August and September.

Acer shares fell 4.1% in today’s trading in Taipei.
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