IP: Silicon Valley's New Pessimists Talk of Pain Beyond the PC

[David Farber <dave@farber.net>]

Silicon Valley's New Pessimists Talk of Pain Beyond the PC

By JOHN MARKOFF

SAN FRANCISCO, July 11 ? Hopes that the second half of 2002 would see the 
end of technology's business decline seem to be retreating.

Not so long ago, a range of Silicon Valley chief executives were holding 
out the prospect of a recovery led by purchases of personal computers and 
other electronic devices. As recently as the beginning of June, the 
semiconductor giant Intel was telling investors that it expected a 
"seasonally strong" second half of the year.

But recent days have instead seen new caution among some executives and 
analysts. Dell Computer said today that its second-quarter revenue and 
profit would be higher than expected, not because the market was growing 
but because it was "continuing to gain market share in the midst of weak 
overall demand."

<snip>

http://www.nytimes.com/2002/07/12/technology/12VALL.html?pagewanted=print&position=top

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