Monday, January 12, 2009

PC Makers: Sux 2 B Us

"Shrinking demand has taken a heavy toll on pc makers globally. The outlook for 2009 seems gloomier as US companies prepare for further tightening of IT budget amid deepening recession.

"Recently, Acer, the world's third largest PC maker, warned that its sales will decline in the fourth quarter, after previously forecasting a robust holiday season. The company expects fourth quarter revenue to slip 5% to 10% compared to the same period a year ago, due to `overall market situation.` The company said that motherboard shipments in fourth quarter plunged 20%, much worse than its own estimate of 10%."

More doom, gloom at iStockAnalyst...

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