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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Kevin K. Spurway who wrote (53438)	3/25/1999 8:37:00 AM
From: gnuman	Respond to of 1573733

IBM and SCI report losses from PC's Coming on top of the Compaq and Dell news, you have to wonder about the health of the PC industry. (And the fastest growing PC company is eMachines?) IBM's PC business lost $992 million in '98 IBM's personal computer business lost $992 million last year as the world's No. 1 computer maker cut prices to keep up with rivals. The pretax loss widened from $161 million in 1997, according to the company's annual report. PC revenue fell 11 percent to $12.8 billion from $14.4 billion. news.com IBM to deemphasize PCs Chief executive Lou Gerstner labeled e-business an important component of IBM's future in the company's recently posted annual report for 1998, while repeating a mantra often heard among CEOs: "The PC is dead." "As the Net takes over much of the work previously performed by PCs, we're seeing another interesting development: a proliferation of new personal computing devices, personal digital assistants, Web-enabled TVs, screenphones, smart cards, and a host of products we have yet to imagine. One market research firm predicts that sales of non-PC Internet devices will surpass PCs within five years." news.com SCI ''SCI'') of Huntsville, Ala. said today that revenue and earnings per share amounts for the quarter ending March 28, 1999 are currently expected to be upper single digit percentages below published Wall Street consensus amounts. Revenues have been primarily affected by market conditions in the personal computer product area and the European geographic area. (Note that SCI claims to be the worlds largest contract manufacturer). biz.yahoo.com