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Technology Stocks : Discuss Year 2000 Issues
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To: C.K. Houston who wrote (1414)4/10/1998 4:08:00 AM
From: Colin Christie  Read Replies (1) of 9818
 
Intel weakness...linked to Y2K:

MMX inventory is another serious problem, Pearlman added. "There is no question that there is an inventory problem," with Intel revenues down 10 percent and
Compaq's warning that it experienced slower-than-expected sales, pricing pressures, and increasing inventories in the North American market.

Last quarter, excessive shipments built up in sales channels, only to be aggravated by weak sell-through rates that stemmed from a combination of displaced IT funds for
the year 2000 and a lack of upgrades or introductions that would propel an upgrade wave.

Pearlman said that problem is not likely to ease during the next couple of months.

See: news.com for full story
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