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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Lee Penick who wrote (41859)	12/10/1997 12:27:00 AM
From: Paul Fiondella	Read Replies (1) \| Respond to of 186894

More on Intel's Asian prospects "Asia's financial turmoil will likely cost the personal-computer industry at least $1.5 billion in sales this quarter and will continue to clobber demand in the first half of next year, according to new market forecasts. Rising import prices, inflation, unemployment and bankruptcies are forcing consumers, businesses and governments to scale back their year-end PC wish lists, said Dane Anderson, an analyst at market-research firm International Data Corp. Uncertainty brought on by elections around the region next year and rising tensions as financial hardships take their toll, moreover, may further diminish companies' appetite to buy, he said. PC revenues in Japan, Asia's largest PC market, will likely drop 26% to $4.6 billion in the final quarter from a year earlier, IDC said. With sales falling in South Korea and around Southeast Asia, Asia's overall PC market will shrink roughly 13% to $9.7 billion, erasing $1.5 billion from the market in the fourth quarter compared with a year earlier." ----Todays Wall Street Journal The Korean bailout isn't working either. =========================================== Why do you think I'm a lawyer? "Everybody's had to reset their expectations," said Paul Blinkhorn, director of PC products in Asia for Compaq Computer Corp.