Inventory glut foreshadows sales woes for Compaq, Apple
The Nasdaq slides as computer sellers and semiconductor companies decline on warnings from Gateway and Altera, while PC makers and retailers banking on a sales pickup brace for bad news.
The Nasdaq slides as computer sellers and semiconductor companies decline on warnings from Gateway and Altera, while PC makers and retailers banking on a sales pickup in the fourth quarter brace for bad news.
"The year in general looks like it will come in under par."
- Roger Kay, IDC analyst
Inventory glut foreshadows sales woes for Compaq, Apple
Gateway shares are pounded after the company says consumer PC sales came in lower than expected, but analysts warn things could get just as bad, or worse, for Apple Computer and Compaq Computer.
PC sellers knock Nasdaq to 15-month low update
The Nasdaq is dragged sharply down as computer sellers and semiconductor companies decline on revenue warnings from Gateway and Altera.
Wall Street puts Gateway out to pasture
At least a dozen analysts downgrade the company as the stock hits a 52-week low, one day after the computer maker slashed forecasts for the current quarter.
Hopes dim for holiday PC sales rebound
PC companies and retailers banking on a sales pickup in the fourth quarter are bracing for bad news as consumers are not flocking to buy new PCs during the holidays as anticipated.
previous coverage
New concerns confront Dell Computer
Dell Computer is expected to report strong third-quarter earnings, but future quarters could be more challenging for the PC maker.
Warnings point to slowing PC growth
Earlier warnings from Intel, Apple and others underscore an ugly reality: People aren't buying as many computers as the industry projected.
Can PC sales slump turn around?