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.
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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.
Michael Capellas attempts to calm employee worries about the jittery PC market, which has been rocked by falling stock prices.
PC sellers knock Nasdaq to 15-month low
Wall Street puts Gateway out to pasture
Hopes dim for holiday PC sales rebound previous coverage
Warnings point to slowing PC growth |
Can PC sales slump turn around?