Word: slump
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Dates: during 1980-1989
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Nowadays a zippy chorus or two of Happy Days Are Here Again would not be out of order either. After its initial burst of prosperity, the computer industry | fell into a two-year slump that some feared might signal a permanent slowdown in growth. The good news in computerdom is that the sluggishness appears to be over and many makers of personal computers are once again registering record revenues and plump profits. The companies' stock prices have recovered, and some firms are hiring factory workers and sales people after a long spell of layoffs and attrition. Best...
Such feisty competitiveness is a sign that the computer slump is history. From 1984 through 1986, worldwide unit sales of personal computers stayed virtually flat. But this year sales are expected to rise nearly 13%, as customers plunk down $35 billion to buy about 17 million machines, according to estimates from Dataquest. Slugging it out for many of those dollars are personal computing's Front Four: IBM (which had a 26% slice of last year's market), Apple (which had 8%), Tandy (5%) and Compaq (3%). The remaining 58% of the world market has been carved up by about...
Pickens may have targeted Boeing precisely because of its depressed stock price: currently at 53, well below its estimated real value of at least 75. While the company has a lucrative backlog of nearly $30 billion in aircraft orders, earnings are in a slump because of price wars in the airliner business and the high costs of developing a new generation of passenger jets...
...questions, he simply calls the company president. That opportunity, he points out, is one of the lesser-noted benefits of investing in small ventures. When he became concerned about an earnings downturn at Innovative Software, Determan called the chief financial officer there, who reassured the investor that the profit slump was "just a glitch." So Determan held on to the stock, which proceeded to zoom from about 10 last November to 22 now, even after a 3-for-2 split...
...current slump does not necessarily signal the demise of American robotics. The industry is expected to perk up again by the end of 1988, partly because of increases in U.S. competitiveness caused by the falling dollar. Struggling American manufacturers have begun to adopt the electronic robot technologies of the Japanese and, like U.S. automakers, are moving their own assembly plants overseas to help cut costs. Above all, U.S. robotmakers have adjusted their own expectations of how the industry will perform in the future. "We're in a solid business with solid growth," says Bruce Haupt, a marketing manager...