PC Sector Biggies Keep Dropping Like Flies
The PC sector has so many left feet that the shoes could keep dropping forever.
| Misprint H-P shares slide after shortfall |
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Marginalized
H-P cited the euro as one reason for its problems on the bottom line in the third quarter. But it's hard to ignore the great bugbear of all commodity industries: falling profit margins. The strong revenue growth the company managed to get from its PC business was boosted by price-slashing, a specter Dell CEO Michael Dell raised last week when his company moderated its growth forecast for the next year.| Retracing H-P gives up Fiorina-inspired gains |
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Shattered
H-P was off $5.88, or 15%, to $33.25 in afternoon trading. But the PC sector in general has been too badly battered to plunge en masse yet again. Dell and IBM, for their parts, were each moving higher. Gateway, which reports its fourth quarter in January, was off fractionally at $39.| Related Stories |
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