Word: carlies
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...Domestic car sales are down about 30%. Sales at Chrysler have been hit hardest, down 50% in the most recent two months. In a bad economy, it makes sense that consumers will avoid a $25,000 purchase. Analysts and economists are trying to figure out how much people are willing to spend for almost everything. Will they buy a new refrigerator for $500 if their current model is old but not broken? The data from the last quarter indicate that they...
...every American home had a car in 1920, a phone in 1930, and a TV in 1960, the PC is the household appliance of the last 20 years. Most households have one PC. Some have two or three depending on how many children are in the house. The cycle of upgrading PCs has been fairly steady. It has been driven by more powerful processors from companies like Intel (INTC), new operating systems from Microsoft (MSFT), and broadband which gives the PC owner access to a universe that did not exist a decade...
What happened to the PC? It has turned out to be too much like a car. Once a household has two or three of something, no matter how useful it is, sales of that item are going to slow down. The PC is no exception. IBM (IBM) brought its PC to market in 1981 and launched the age of personal computing. The first machine went for $1,565, so for all the processing power that new machines have, pricing has not changed much...
...sales are falling. They will continue to drop. Consumers and businesses can't afford new computers and the old ones work so well that there is no need for upgrades. Why buy a new car when the one with 60,000 miles on it runs like...
...current budget proposal would raise up to $14.4 billion by imposing a variety of temporary taxes - hiking the sales tax by a penny, adding 12 cents to the gasoline tax and raising the car-license fee (something Schwarzenegger had campaigned against in 2003). Cuts include $8.6 billion from K-12 classrooms, which probably would force schools to pink-slip teachers and increase classroom sizes; a 10% cut to the university system; a continuation of the two-days-a-month furlough of state workers that recently closed state offices, including the Department of Motor Vehicles; and several billion in cuts...