Word: downturned
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...notes that the Corporation is right to be cautious about spending the endowment during the economic downturn, emphasizing the importance of judicious management in preserving its value...
...wisecracking lyrics about rivals at company gatherings in Round Rock, Texas. But don't be fooled. Rollins is also a polished management professional who runs the brutal day-to-day business of the world's No. 1 PC manufacturer. Thanks to Rollins, Dell has not only survived the tech downturn but also thrived, capturing 17% of the worldwide market in the first quarter, up from 14% in the same period last year. He doesn't have time to sit around and fiddle these days, what with Dell shipping 25% more units in the first quarter over the same period last...
...hard to beat. Just ask the merged Hewlett-Packard/Compaq, whose share of worldwide computer sales dropped to 15.8% in the first quarter, from 17% in the same period last year, and which is now eating byte dust as No. 2. "Most companies became nervous and conservative during the downturn, but Dell used it to step on the gas," says Roger Kay, vice president of the research company IDC. During the five years of Rollins' leadership, revenues have quadrupled, to nearly $37 billion...
...sales. Back in 1994, largely at the behest of Rollins, then a consultant at Bain & Co., Dell jettisoned sales through retailers. In 2001, when much of the tech world was still in denial, Rollins slashed 5,700 jobs while stepping into his current role as COO. "We saw the downturn coming," says Rollins. "Because of our direct-sales model, we were talking to suppliers and customers daily." Next step: Dell got aggressive on the supply chain, cutting inventory from seven days to three and building to order only. The company slashed prices at home, then turned abroad. Competitors scoffed...
...town of Duluiyah. Military officials believe much of the resistance in the region has been coordinated in Duluiyah, where locals say senior members of Saddam's regime were frequently seen in the aftermath of the war. Since the beginning of Peninsula Strike, Hicks says, "we have already seen a downturn" in the frequency of attacks on U.S. soldiers...