Word: slump
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Dates: during 2000-2009
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...Europe and China, those sales tend to be concentrated in the compact-car segment, in which profit margins are low. In Japan, where Toyota intends to launch its Lexus brand in August, the company may have a hard time expanding market share, already at 44%. The dollar's slump against the yen, meanwhile, makes Japanese exports more expensive...
...supercomputers, are playing the role of the Grinch. They will shut their doors for up to three weeks next month, a time when workers normally expect year-end bonuses and office celebrations. The painful closings are only the latest steps that chip producers are taking to cope with a slump that has crippled the once booming high-tech industry. "There's no end in sight," says Richard Billy, an analyst with the Gartner Group, a computer-research firm. "The bloodbath will continue...
While the semiconductor slump is centered in Silicon Valley, the industry's hub, it extends well beyond that California region. United Technologies said last month that it was permanently closing its Mostek subsidiary in suburban Dallas and laying off 2,500 workers in Texas and 3,200 worldwide. The decision followed more than a year of intense and often agonizing cost cutting. Said Marie Gentilo, 45, a Mostek quality-control worker: "There is nothing for us. Some of us are too old to get new jobs...
...president of Borland International, relishes his self-styled role as the "Crazy Frenchman" of the software business. And while other executives bemoan their industry's slowdown, Kahn, whose sales have zoomed from zero in 1983 to an estimated $30 million this year, simply says, "I don't feel the slump...
SOPHOMORE SLUMP...