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Fri, Sep 07, 2001 - Page 21 News List

Intel may reduce sales target for 3Q

COMPUTER CHIPS The US-based company has lowered the price of its Pentium4 by up to 84 percent since the chip's debut last November. That's likely to hurt profits

BLOOMBERG , SANTA CLARA, CALIFORNIA

Now, PC-industry executives have indicated that back-to-school sales so far have been subdued, as consumers spend less during an economic slowdown.

Dell Computer Corp last month predicted sales in the current period would be little changed to 5 percent lower than the previous quarter, missing analyst expectations at the time. Though Hewlett-Packard Co Chief Executive Carly Fiorina has said revenue will rise in the current quarter from the prior period, she said she didn't think the economy would pick up any time soon.

"I don't think there's going to be a bright spot in the traditional PC space," Kokernak said. "We will not see a recovery until early next year at best."

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