Word: delling
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...every Dell and Cisco, these days, there is a Sun and an AMD, issuing glum earnings outlooks and quietly smothering the newborn tech optimism in its cradle. And the NASDAQ that had posted decent gains Thursday on the it's-gonna-be-OK news from America's bellwether PC producer and router-maker quickly crumbled, shedding its gains dolefully into Friday afternoon. Taken together with job cuts soaring to ten-year highs last month (and that's just the barest taste of the post-disaster economy - the hold at 4.9 percent unemployment for September is the ultimate in lagging indicators...
...Wall Street has is Dell and Sun, Cisco and AMD, this gloomy earnings report and that (relatively) sunny one. And US Airways CEO Stephen Wolf now saying his airline may not even need (or want) the loan guarantees - which is just plain hard to believe. The indexes are surfing on forecasts, outlooks, estimates and economic reports that have only just begun to describe the post-Sept. 11 world...
...combined company will rival IBM in size and revenue, and theoretically it will leapfrog Dell in sales of PCs and midrange servers, the machines that act as the Internet's traffic cops. What is in doubt is whether Fiorina can put this heft to good use--and avoid the impact of any further downturn in consumer spending--by selling information-technology services along with hardware to corporations at a healthy profit. It's the hottest area of IT right now and will be for some time...
...struggling behemoths were obvious, even to Compaq co-founder Rod Canion, who sketched out the company with a few buddies 19 years ago in a Houston diner. "Now everybody will want to kick Compaq and HP around," he said last week. He was right. But it wasn't Michael Dell or Sun Microsystems' Scott McNealy putting the boot in. Wall Street did a good job of that. HP stock plunged 22% by the end of the week, to $18.08, while Compaq sank 14%, to $10.59, wiping more than $3 billion off the value of the proposed takeover...
Manufacturers hoping to boost a sagging PC market are racing to equip computers for wireless networking. "It's considered something of vast importance, given the economic slowdown," says International Data Corp. (IDC) analyst Jason Smolek. Compaq, Gateway and Dell are all selling computers with built-in wireless networking capabilities. IBM launched a top-line Wi-Fi equipped laptop named ThinkPad T23 in late July that offers enhanced security features. Apple, which virtually pioneered wireless home networking when it launched AirPort in 1999, is ahead of the pack. All its computers have been WLAN-ready since then...