Word: analysts
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...time when workers normally expect year-end bonuses and office celebrations. The painful closings are only the latest steps that chip producers are taking to cope with a slump that has crippled the once booming high-tech industry. "There's no end in sight," says Richard Billy, an analyst with the Gartner Group, a computer-research firm. "The bloodbath will continue...
...sales were sinking, U.S. firms continued to lose ground to the Japanese. Rather than cutting back production, such companies as Hitachi and Toshiba persisted in selling at falling prices to boost their market share. "The Japanese don't throw in the towel on the downturns," says Lane Mason, an analyst for Dataquest, which studies electronics firms. "They are willing to suffer a little more red ink in the short term to achieve their long-term goals...
When John Benda joined Johnson & Johnson 3½ years ago, he was puffing two packs of cigarettes a day and packed 210 puffy pounds on a 6-ft. 1-in. frame. Now the 29-year-old systems analyst no longer smokes, and his scale registers 170 lbs. Though he had intended to stop smoking and lose weight, Benda got started with the help of an extra incentive: a company-sponsored program that rewards employees for taking steps to safeguard health. By attending smoking or stress workshops, exercising for at least 20 minutes, keeping their weight down, wearing seat belts while driving...
...airlines will repeat the bargains for Christmas, when they have similar feast-and-famine traffic patterns. Delta has already made the offer and sweetened the deal by throwing in a $9.99-a-day rental car. Others are holding back, at least for the moment. Predicts Richard Henderson, an airline analyst for the investment firm Pershing & Co.: "You probably can look for another round of discounts during the Christmas holidays." Budget-minded consumers could hardly ask for a nicer present...
...matter what happens to the current loans, the chances for the long-term preservation of the tin cartel appeared dim last week. Said William O'Neill, a metals analyst with New York's Rudolf Wolff Futures: "I expect to see fundamental changes in the way the market operates. We are certainly not anticipating a return to the old system of price supports." He and others predict that tin in the future will be traded much like copper or aluminum, in a free market without the help of a cartel. --By William J. Mitchell Reported by Frank Melville/London