Berkeley CSUA MOTD:Entry 25535
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2025/07/09 [General] UID:1000 Activity:popular
7/9     

2002/8/10 [Politics/Domestic/California, Politics/Domestic] UID:25535 Activity:insanely high
8/9     'Were economic data manipulated?'
        No I don't believe it - more conspiracy.
        http://csua.org/u/143
        \_ If you continue to post myth smashing facts on the motd you're
           going to get purged by the self appoint motd star chamber of one.
           going to get purged by the self appointed motd star chamber of one.
        \_ What makes you think they are telling the truth now?
        \_ What makes you think they are telling the truth now? It seems just
           as likely to me that the economy flew higher and crashed harder than
           the government wants to admit, so they are trying to lower the
           baseline a bit to hide the deep recession we are in now and
           try to keep us out of a depresssion.
                \_ ie. we need tax cuts, not increases in taxes ala
                   Gray Davis
                   \_ are you a "free market"er as well?
2025/07/09 [General] UID:1000 Activity:popular
7/9     

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Cache (3190 bytes)
csua.org/u/143 -> money.cnn.com/2002/11/15/technology/comdex_walkup/index.htm
La Monica, CNN/Money Staff Writer NEW YORK (CNN/Money) Approximately 125,000 people will be heading to the annual Comdex tech trade show in Las Vegas next week. Attendees will probably eat up all the new gadgets and do their best to put on a happy face when asked about tech's prospects for the next year. The painful truth is that a tech recovery might not happen in 2003. On Thursday, the company disclosed in its latest earnings report that it is considering filing for Chapter 11 bankruptcy. Michael Millikin, senior vice president of Comdex Worldwide, says that regardless of what happens to Key3Media, Comdex will go on. He notes that the Comdex brand has been sold several times during its more than 20 year history so even if Key3Media were to seek bankruptcy protection, another company would probably take over Comdex. Nonetheless, Millikin concedes that Comdex is shrinking. The event is now pretty much confined to the Las Vegas Convention Center. In prior years, Comdex was so big that it needed two other venues in addition to the Convention Center for exhibition space. Millikin says that 1100 companies bought space this year, down from 1685 last year and 2337 in 2000. Apple Computer and Gateway are not attending and Millikin says IBM will have just a small presence. To be sure, Comdex still attracts many of the largest tech companies and their executives. Microsoft's Bill Gates, Hewlett-Packard's Carly Fiorina and Sun Microsystems' Scott McNealy are three of the most prominent keynote speakers. Dell Computer will be debuting its new handheld device at Comdex. And there appear to be some small signs that the outlook is improving for a select group of technology companies. Mark Schultz, portfolio manager with M&T Asset Management, says that spending has been slightly better than anticipated for hardware companies like Cisco Systems, Network Appliance and IBM. Many companies splurged at the end of 1999 in order to prepare for potential Y2K problems and typically, companies try and replace big ticket tech items every three years so that they don't wind up with obsolescent equipment. But faced with an uncertain economy, it appears that companies are willing to hold off on big upgrades unless it's absolutely necessary. The equipment doesn't break after three years," says Alex Vallecillo, a portfolio manager with National City Investment Management. Vallecillo adds that many companies still have hardware and software sitting on the shelves yet to be implemented. To that end, Baby Bell Verizon helped spark a big rally in telecom equipment stocks earlier this month when it announced that it was unveiling a new enterprise network. But the rally was short-lived because Verizon disclosed in a conference call that it would not need to spend on new equipment to build out the network. There certainly will be plenty of cool items debuting at Comdex but many will be geared to the consumer. There doesn't appear to be a product out there getting buzz as a "must have" for corporate IT managers. And companies are still being careful," says Michael Mahoney, managing director with EGM Capital, a hedge fund that focuses on tech, telecom and media companies.