Word: cisco
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...lead time. Five minutes on VCE turned up supplies that could be delivered immediately. "We're deliriously happy," says sales director Christine Timchek. Similarly, Texatronics, a contract manufacturer of printed circuit boards in Richardson, Texas, cut its costs 15% after signing up with VCE. Even troubled Cisco is examining the service...
...loudest crashes in the tech collapse came last month, when mighty Cisco Systems found itself with so many of its finished routers and components stuck in warehouses and going nowhere that CEO John Chambers had to take drastic action. He wrote off a record $2.3 billion in inventory, including $900 million in processors and $300 million in semiconductors. Similar liquidations are taking place throughout the electronics industry. And they're providing fresh opportunities for a small band of nimble souls who are profiting not in spite of the tech slump but precisely because...
Public-auction websites like eBay are doing a fire-sale business in surplus tech hardware. A new Cisco AS5300 access server with a recommended retail price of $50,000 was auctioned off for less than $2,500. Even busier these days is Virtual Chip Exchange, a private marketplace for 4,200 established buyers and sellers of computer chips and semiconductors in 40 countries. VCE is currently the planet's largest electronics B2B exchange, as rated by Jupiter Media Metrix. The privately held company reports that revenues rose past $37 million in the first quarter, up 238% from the same period...
...inventory of former dotcoms accounts for only 20% of Overstock's sales. It's also profiting from other ailing sectors of the tech world. Remember that $50,000 Cisco server that brought $2,500 on eBay? One just like it went on sale for $6,900 at Overstock.com having cost the site $3,500. Total sales on the site leaped from $4 million in November 2000 to $9 million in December, the crucial month for e-tailers...
...Tangs - newlyweds who married on Jan. 1, 2000 - moved into their home eight months ago. Cisco Systems, which is participating in this and other Internet home projects around the globe, says they were the first people in the world to actually live in one. Fittingly, they decorated their futuristic flat in whites, creams and light pine to achieve, according to Raymond, "something a bit Zen." Both love the living-room entertainment center. They watch videos downloaded via a broadband Internet connection on a 42-in. (107-cm) flat-panel plasma screen, and use a wireless keyboard to operate the remote...