5 Winners and Losers of the Week in Business
From sluggish PC sales to Facebook regaining an important advertiser to a department store chain finally ousting its inept CEO, here are the wonders and blunders of the week.
From sluggish PC sales to Facebook regaining an important advertiser to a department store chain finally ousting its inept CEO, here are the wonders and blunders of the week.
Dell posted mixed quarterly results after Tuesday's market close, and that's not good news for the PC giant. No one is surprised to find that desktops and laptops just aren't selling these days.
Personal computer sales fell 1.1% in the first quarter compared to the same period in 2010, according to industry research firm Gartner, but while its report lists a few possible reasons for the decline, none are compelling, and the drop is unlikely to presage a serious decline in PC sales.
Gartner has lowered its laptop-sales forecast for this year and the next, predicting that the popularity of tablets and smartphones will slow laptop sales. Gartner expects worldwide laptop sales to increase 11% this year and and 14% next year, down from a previously forecast 16$ and 15%, respectively.
No wonder President Obama is visiting an Intel plant as he stumps for U.S. innovation and high-tech jobs. After all, Intel is a clear industry leader. Indeed, some analysts argue that for investors seeking entry in the global growth of technology, Intel is the one-stop answer.
Ken Olsen, the MIT-educated inventor who founded DEC in the 1950s and built it into multibillion dollar company, died on Sunday. In addition to inventing the minicomputer, Olsen was a pioneer as a manager. But perhaps the most valuable lesson his life can teach regards his one business blind spot.
Investors are buying into the meme that Windows is dying -- and therefore Microsoft is as well. While tablets are clearly cutting into the giant's core PC business, Microsoft is also showing remarkable agility in building new franchises for the future, the Kinect for one.
U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions and desktop computers, as well as lower-end digital cameras and MP3 players, according to the report.
Intel's stock is up just 2% this year compared to the Nasdaq's 17% rise, and investors fret that the explosive growth of smartphones and tablets will crimp the market for the PC chips that produce the bulk of Intel's revenue. But the tech giant has a plan.
Ron Garriques, head of Dell's mobile devices, one of the businesses most critical to the company's future, is leaving.
Advanced Micro Devices has lowered its third-quarter sales guidance, citing weaker-than-expected demand for laptops in North America and Europe. The news comes after another chip maker, Intel, cut its third-quarter forecast last month.
The No. 1 PC maker's shares got a boost Monday after it announced an additional $10 billion for share repurchases.
After months of talk, Dell brought its Aero smartphone to the U.S. on Tuesday. The Aero uses an older version of Google's Android operating system called "cupcake." Will it prove to be stale -- or still a treat?
In a further sign of how far the convergence of PCs and TVs has truly gone, Intel is acquiring Texas Instruments' cable modem business, the chip maker announced Monday.











