Article Abstract:
Intel reported poor quarterly results on Apr 17, 2001, but sent glimmers of hope through the stock market when it announced that the worst may be over for the weak personal-computer market. Intel has beaten Wall Street estimates by posting net income of $485 million, or 7 cents a diluted share, for the quarter that ended Mar 31, 2001, compared to $2.7 billion, or 39 cents in the same period in 2000. The company believes that its PC- related business may have bottomed out and it is planning for a seasonally stronger second half for 2001.
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Article Abstract:
Dell Computer Corp said sales of its personal computers would pick up only during 4th qtr 2001 but added that orders from businesses would not increase due to the current economic slowdown in the US. Its stock rose by 84 cents to $26.10 after Morgan Stanley revised its rating of Dell from neutral to outperform. Dell is the world's largest biggest producer of PCs but ranks fifth in server sales after IBM, Hewlett-Packard, Sun Microsystems and Compaq.
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Houston, TX-based Compaq Computer Corp will launch a global marketing campaign on Sep 25, 2000 to boost a new image it wants to project. The $300-million campaign, which was created by FCB Worldwide, is designed to promote the leading personal computer maker as an up-to-date Internet company. The initial launching includes full-page newspaper ads and TV commercials. Additional print, broadcast and online ads will follow in the coming months.
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