Word: ultracheap
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...result one day could be a huge surplus of Chinese-made cars looking for markets elsewhere. Chery aims to lead the way. Americans in the 1980s turned up their noses at the ultracheap Yugo, which Bricklin introduced from Yugoslavia, and Chery still has to meet U.S. safety and emissions standards. The real threat will come from foreign makers in China with nowhere to sell their cars. "If they can compete on price, Ford and Nissan will likely start exporting" to America within a decade, predicts Eric Harwit, a professor at the University of Hawaii who researches China's auto industry...
...large-cap blended funds over the past five years (although it has fallen behind the pack recently). Ariel Fund, a small-cap value fund, isn't nearly so stringent about screening but does exclude companies that focus on making or selling tobacco, generating nuclear energy or manufacturing handguns. The ultracheap Vanguard Calvert Social Index makes a decent core holding, Parnassus Equity Income looks for stand-up corporate citizens while buying stocks that pay high dividends, and Pax World Balanced gives investors exposure to bonds as well as stocks. So go ahead, make a little money--and feel good while...
...need a team of engineers to build a PC today," says Steven Dukker, CEO of eMachines. These issues have computer executives shuddering as the PC business matures into one in which price trumps brand and profit margins are narrowing. Dukker's company is the upstart leader in the ultracheap market that is suddenly rewriting the business model of the personal-computer industry. It's partly to blame for the recent sell-off of technology stocks that has driven major computer-manufacturer share prices down as much as 40%. (Want to know why we didn't make...
...sells for about $950. The fastest-growing segment of the industry is the sub-$600 market, where you'll find companies like eMachines and Microworkz. The subgroup currently accounts for 20% of PCs sold at retail, according to the market-research firm PC Data. Ultracheap prices have earned eMachines, in business for just six months, fourth place in retail desktop market share, less than a point behind...
...replicating the guts of the IBM machine and offering it at a lower price, the compatibles have ushered in an era in which personal computers are commodities that are differentiated not by quality but by price. Indeed, true bargain hunters can even buy so-called clones, which are ultracheap compatibles that lack the service and repair guarantees that higher-priced units offer. In the past 18 months or so, many former customers of IBM have decided that they do not need to buy high-priced machines when more affordable compatibles or clones will suffice. Says Michael Geran, a computer-industry...