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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (29545)	9/18/1998 12:01:00 AM
From: FJB	Read Replies (1) \| Respond to of 33344

A couple of articles on the retail PC sector: He said sales of sub-$1,000 PCs accounted for nearly 50 percent of all PC sales in the quarter, and noted the company expects ASP declines to continue in the second half. Wade Fenn, executive vice president and director of marketing, said the declines will come from a roster of new systems in the lower price points, including bundles of system, monitor and printer for $900. In the second half, he said, "Tier-one manufacturers will have price points and products available that will continue to break new lows. We anticipate a new customer demographic that hasn't yet stepped up and purchased." As for ASP declines, Schulze added, "I wouldn't be surprised to see it continuing next year." 207.240.177.145 Circuit City chairman and CEO Richard Sharp said results for the quarter included "robust" sales of PC products, and cited the company's "effective inventory management through the Windows 98 product transition." At the same time, he noted, stronger personal-computer sales negatively affected the company's gross profit margins. The gross profit margin for this quarter was 24.8 percent, compared to 25 percent in Q1 1997. 207.240.177.145