Interesting People mailing list archives
IP: Silicon Valley's New Pessimists Talk of Pain Beyond the PC
From: David Farber <dave () farber net>
Date: Fri, 12 Jul 2002 02:10:06 -0400
Silicon Valley's New Pessimists Talk of Pain Beyond the PC By JOHN MARKOFFSAN FRANCISCO, July 11 Hopes that the second half of 2002 would see the end of technology's business decline seem to be retreating.
Not so long ago, a range of Silicon Valley chief executives were holding out the prospect of a recovery led by purchases of personal computers and other electronic devices. As recently as the beginning of June, the semiconductor giant Intel was telling investors that it expected a "seasonally strong" second half of the year.
But recent days have instead seen new caution among some executives and analysts. Dell Computer said today that its second-quarter revenue and profit would be higher than expected, not because the market was growing but because it was "continuing to gain market share in the midst of weak overall demand."
<snip> http://www.nytimes.com/2002/07/12/technology/12VALL.html?pagewanted=print&position=top For archives see: http://www.interesting-people.org/archives/interesting-people/
Current thread:
- IP: Silicon Valley's New Pessimists Talk of Pain Beyond the PC David Farber (Jul 11)