Tally of homes with PCs increased 16% last year; older, less-affluent buyers, spread of used machines helped to boost figures
Article Abstract:
The home computer market increased 16% in 1995, increasing the percentage of all US households that own PCs to 38.5% from 1994's total of 33.1%. A significant reason for the strong growth is the continued growth in the number of first-time computer buyers, a segment that comprised 43% of all home PC purchases in 1995. The number of PC-owning households with annual income levels between $10,000 and $30,000 also increased 25% in 1995, illustrating the enlarging base of the entire home market. Analysts uniformly express surprise at the stronger-than-expected growth of the market, but they are divided in their forecasts for future growth. One segment of analysts believes that the home market will draw near its saturation point in the coming years, growing just 7.6% in 1996 and only 1% in 1997. Another group predicts the market will continue to show growth in the 20% range through 1997.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Silicon Graphics loses some of its luster; revenue growth plunges 50% below expectations in fiscal second period
Article Abstract:
Silicon Graphics announced that its revenue growth for the quarter ending Dec 31, 1995, would not reach analysts expectations, a clear indication that the formerly fast-growing workstation manufacturer's prospects are slowing. Silicon Graphics, which made the announcement prior to stock trading on Jan 2, 1996, estimates that its revenue will be $675 million for the fiscal 2nd qtr. The company's revenue for the quarter was 23% higher than the same quarter in 1994, but most analysts had estimated that revenue growth would be between 40% and 45%. The company's earnings will be about 30 cents per share, down from 34 cents per share last year. The analysts consensus was that earnings would be about 43 cents per share. The financial results sent Silicon Graphic's stock price down $4.375, to $23.25, on Jan 2, 1996.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Intel's warning of a weak quarter roils markets, but two PC firms are bullish
Article Abstract:
Intel has announced its second qtr revenue will be 5% to 10% below its first qtr rather than matching or slightly exceeding it, as the company had previously anticipated. The company believes this quarter's drop, after five consecutive quarters of large earnings and revenue gains, is due to low sales of its computers in Europe. The company's shares dropped 7.5%, or $12.266, to $151.50 causing a momentary fear that the long awaited PC slump had arrived. However, Dell and Compaq both predicted bullish futures, which did much to convince investors that Intel is dealing with relatively short-term problems and the company's low earning are not a reflection of the PC market.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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