BACK TO PCSTATS Follow PCSTATS on Facebook PCSTATS RSS Feed PCSTATS Twitter Feed + Motherboards
+ Videocards
+ Memory
+ Beginners Guides
News & Advanced Search  Feedback?
[X]   Directory of
Guides & Reviews
The PCstats Forums

Beginners Guides
Weekly Newsletter
Archived Newsletters

Waterfield Designs Muzetto Leather Notebook Satchel Review

Led by Intel, chip makers brace for cuts - Led by Intel, chip makers brace for cuts
Thu, November 13 2008 | 1:52PM | PermaLink Feedback?"People don't have any money left to buy cool gadgets," said Trip Chowdhry, an analyst at Global Equities Research, adding that the housing debacle has drained consumer budgets."

"Intel, the world's largest producer of computer chips, warned on Wednesday that its sales could fall as much as 19 percent in the fourth quarter. Other major players in the chip industry, including Applied Materials and National Semiconductor, offered their own bleak outlooks. Together, the gloomy forecasts suggest that the technology industry is about to enter a slump that will rival or possibly exceed the dot-com bust of 2001. "It is really a complete shutdown of consumer and corporate business," said John Dryden, an analyst with Charter Equity Research. "Things have gotten worse every week of October and even worse in November."

Underscoring how rapidly the decline has occurred, Intel's revised forecast came less than a month after it first handed Wall Street guidance for the quarter. The warnings from the large semiconductor players mean that consumer electronics and computer companies will probably have a difficult holiday season. Best Buy, the leading electronics retailer, offered its own bleak forecast Wednesday, and its rival, Circuit City Stores, filed for bankruptcy protection Monday.

FULL STORY @ Archived from IHT
CURRENT Business / Industry News on PCSTATS

News Archives by Category
Audio / Sound Beginners Guides Benchmarks
Biometrics BIOS Business / Industry
Cases Chipset Computer / SFF PCs
Cooling / Heatsinks CPU / Processors Digital Cameras
Drivers Editorial Games
Gossip Hard Drives Hardware
Home Theatre Imaging Memory
Mobile Devices Monitors Motherboards
Mouse Pads MP3 Players Networking
Notebooks Operating System Optical Drives
Overclocking Peripherals Power Supply
Press Release Printers Servers
Site News Software Tips
Tradeshows / Events Video Cards Web News
   10 / 09 / 2015 | 11:54AM
Hardware Sections 

PCSTATS Network Features Information About Us Contact
PCSTATS Newsletter
ShoppingList Assistance
Tech Glossary
Technology WebSite Listings
PermaLink News
Archived News
Submit News (Review RSS Feed)
Site Map
PCstats Wallpaper
About Us
Privacy Policy
Advertise on PCSTATS

How's Our Driving?
© Copyright 1999-2015 All rights reserved. Privacy policy and Terms of Use.