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...retail celebrations. Federated Department Stores Inc., of Macy's and Bloomingdale's fame, said December sales would fall short of its original forecasts, and the forecasts weren't that high to start with. Specialty stores like Gap and Banana Republic are disappointed. And if you want to know what PC sales have been like, check the NASDAQ...
...just how much. Retail sales fell 0.4% in November, led by the biggest drop in car sales in more than two years. Both UPS and FedEx reported that holiday shipments are slackening, while Microsoft and Compaq became the latest tech titans to blame poor earnings on a slowing home-PC market. Consumer sentiment about the economy, as measured by the University of Michigan, is at a three-year low. Given the drubbing on Wall Street this year, that's not surprising. As the NASDAQ soared in the past few years, the market created a so-called wealth effect, emboldening people...
...REBOOT, RECYCLE Anyone who finds a PC under the tree this year faces the question of what to do with the now outdated box. You can convert that old PC into a write-off rather than a doorstop--provided it's not too ancient. Groups like Share the Technology match PC donors with worthy charities. Or, for $29.99 IBM will take your PC and fix it up for a charity or recycle...
...economy is slowing down. Consumer confidence is fading fast, along with PC sales, auto sales, manufacturing output, factory orders, orders for durable goods, incomes, retail sales - and portfolios. Wealth effect? With a week of sessions left in the trading year, NASDAQ is down 35 percent for the year, the Dow maybe 7 percent. This, remember, was the year the bubble burst for a nation of insta-millionaire dreamers...
INVISIBLE ORGANIZER It's not as powerful as a Palm or as colorful as a PocketPC, but Xircom's REX 6000 rex.net $149) goes where the others can't: inside a laptop. The tiny touchscreen PDA is really a PC card, the kind that can slide into the side of portables. If you don't use a laptop, you can buy the optional cradle to fill REX with content from the Web or synchronized schedules from Microsoft Outlook. REX is right for inveterate networkers who travel light and don't want to miss a single digit...