To: Stewart Walton who wrote (63167 ) 9/2/1998 9:08:00 AM From: Mohan Marette Read Replies (2) | Respond to
ON SALE- Yesterday it was GREED replacing FEAR,Today RATIONALITY to return,says who?Says Wu.''Yesterday, fear replaced greed. Today the story is rationality returns,'' said David Wu, an analyst at ABN Amro Chicago Corp. in San Francisco. PC SALES-BUT WAIT THERE IS MORE,MUCH MORE TO COME IN 2ND HALF,HELLOOOOO...ANYBODY HOME. Among the reasons for optimism are that half of all personal computers sold in a year fly off the shelves from October to December. On top of that, half of all corporate PCs use Intel Corp. chips that are more than nine years old. And companies everywhere are racing to beef up networks that tie together systems used to run businesses in a world that doesn't respect time zones or borders. After all, who better poised to sell businesses and consumers the microprocessors, PCs, software and and the gear that ties them together in networks than Intel, Microsoft, Dell and Cisco -- the same companies that helped lead the Nasdaq up 84 percent in the last two years to a record high of 2,028.18 in July. Sales, from software to PCs to networking, are still strong, though down a bit from the torrid pace of the last two years. And those who are the biggest in their business will continue to do the best. ''One day of stock price swings doesn't change the underlying fundamentals of PC demand in the market place, which we feel is still fairly healthy,'' said Kevin Hause, an analyst at market research firm International Data Corp. in Mountain View. ''Business is strong, especially for the most efficient PC providers like Dell. biz.yahoo.com
