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After arriving at the office promptly at 9 a.m., Summers checked his email on the new Dell computer installed over the weekend in his officethe first computer to be used in the presidents office, since former President Neil L. Rudenstine shunned computers...
...most sophisticated operations, which manufacture routers for Cisco and wireless base stations for Ericsson, are based in places like Silicon Valley and Sweden, where top talent is available. Its most labor-intensive operations are still in China, where Flextronics mostly makes comparatively simple electronic products, from PC parts for Dell and mouse assemblies for Microsoft to cell phones for Nokia, Motorola and Ericsson...
...warm to drink as Randy Furr, president and COO of Sanmina, made the pitch for his younger firm, then worth $7.7 billion, to buy SCI, then worth $4 billion, and considered a pioneer in the fast-growing business of manufacturing tech hardware for name-brand companies like Dell, Hewlett-Packard and Nokia. After nearly a day's wrangling, Furr could not get Eugene Sapp, chief executive officer of SCI, to agree on anything, except that they would meet again...
...Some banks made money, some lost. Pepsi scored, Coke disappointed. Some techs went up, some (OK, most) went down. The PC market is so bad that Dell is getting into routers. And in an example that, yes, this column was watching with particular interest, AOL Time Warner beat earnings expectations but was deemed to have done it all through cost-cutting and accounting magic, and so was beaten by traders like a mule that was not only rented but over-dependent on the moribund ad market...
...time U.S. Federal Reserve chairman Alan Greenspan cranked the engine with yet another interest rate cut. But the car never budged. And as June turned to July, the mid-year profit warnings began to roll in from Asia's biggest U.S. customers: companies like Advanced Micro Devices, Compaq and Dell Computer. Asia, it turned out, had hitched its hopes to a jalopy economy...