Word: robustly
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Much is riding on what happens between now and Christmas, when the industry does 40% of its annual business. Companies had sluggish sales this summer, and several firms, including Gavilan and Franklin, went bankrupt during the slump. Retailers, especially, are counting on a robust holiday selling season. Says Dyson: "They're discounting like crazy just to stay alive." In San Francisco, the price of a Mac has dropped to $1,695, and PCjrs are going for $745, more than 40% off their original list price...
...Oval Office may be the headiest place in America. When the President, sitting in his desk chair at the southern tip of the oval, stares dead ahead to the far wall, he sees The Plant. Anywhere else it would be a robust but unremarkable Swedish ivy. But there on the marble mantelpiece, day after consequential day, it basks in the power and the glory. No matter who has been inaugurated since 1961, The Plant has always stayed...
...prevent a new price explosion, the South Korean government tightened the money supply and held public spending in 1984 to its 1983 levels. That turned out to be the right touch of restraint. Growth has cooled, but it is still a robust 7.8%. Meanwhile, inflation has stayed below...
Government officials dismissed that gloomy talk. Said Federal Reserve Board Governor Henry Wallich: "I wouldn't take a month or two as an indication of where we're going." Assistant Treasury Secretary Manuel Johnson pointed out that corporate profits are robust, personal income is rising and inflation is moderate. Said he: "I expect the drop in production to be a temporary phenomenon...
...month in the first half of 1984, but last week the Semiconductor Industry Association said they fell to $843 million in September. Nonetheless, the industry remains optimistic. Says Zieber: "We are entering a period of adjustment from the very strong market of the past six quarters into something less robust. But we don't expect things to fall apart, because we don't expect the economy to fall apart." Indeed, with the rebound still full of vigor, semiconductor makers are happy to let the chips fall where they...