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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (18291)	3/30/1998 8:50:00 AM
From: Laker	Read Replies (1) \| Respond to of 70976

HP Pessimistic About '98 Asia Growth (03/27/98; 2:33 p.m. EST) By Sandy Chen, Electronic Buyers' News Despite strong demand for its products in Europe and the United States, Hewlett-Packard remains pessimistic about its growth in Asia this year. HP techweb.com DJIA stock. No big deal. Last week Chrysler announced the suspension of weekend/OT production at its Jeep and Cherokee plants. For the last three years, all of that output was destined for Asia and a falloff in Asian orders has caused the weekend shutdowns. All those folks working the line are going to suffer economically, and they won't be buying first or second or third PCs for their families at Best Buy, even though H-P will probably cut prices a'la Compaq, IBM, etc. At some point consumer confidence gets eroded. The ripple is growing wider, no?