The worldwide shipment of traditional PCs, including those of Apple, saw a “precipitous drop” in the first quarter of this year because of poor demand and excess inventory, a new report reveals. In the first quarter of 2023, the shipment of traditional PCs dropped by 29 percent, to 56.9 million units, compared with the same…
Apple Leads Global PC Shipment Plunge With 40 Percent Collapse
The worldwide shipment of traditional PCs, including those of Apple, saw a “precipitous drop” in the first quarter of this year due to poor demand and excess inventory, a new report reveals. The first quarter of 2023 saw the shipment of traditional PCs drop by 29 percent, to 56.9 million units, compared to the same…
NTD Business (Feb. 6): China Sending Military Tech to Russia; Dell to Slash Over 6,000 Jobs Amid Uncertain Future
More layoffs in the tech sector: Dell is the latest to cut thousands of jobs amid an uncertain future. Bankrupt crypto firm FTX is now asking political groups that took money from FTX’s founder to return the donations. What possible information on the United States did the Chinese spy balloon obtain before it was shot…
Dell Cutting 5 Percent of Workforce Amid Downturn
Dell Technologies Inc. is set to cut about five percent of its global workforce, amid an “uncertain future” for the computer company. Dell has taken several measures in recent months to deal with “market conditions.” Those changes included freezing external hiring, limiting travel, and reducing expenses for outside service. In its latest Securities and Exchange…
Australian Watchdog Alleges Dell Misled Consumers, Federal Court Proceedings Initiated
The Australian Competition and Consumer Commission (ACCC) has initiated federal court proceedings against Dell Australia for allegedly misleading consumers about the cost of buying add-on monitors. The ACCC alleges that between August 2019 to December 2021, Dell Australia made false or misleading representations on its website about the prices of monitors and the potential savings when…
Dell Fans Slowdown Fears With Weak Revenue Forecast
Dell Technologies Inc joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings, sending its shares down 8 percent in extended trading on Thursday. Industry majors from Intel Corp to Lenovo Group have warned of a slump in the personal computer market…
Goldman Sachs Downgrades Rating on Dell; Removes From Conviction List
Goldman Sachs analyst Rod Hall downgraded Dell Technologies Inc to Neutral from Buy with a price target of $61, down from $68 (21.5 percent upside). Hall also removed the shares from Goldman’s Americas Convictions List. Dell remains inexpensive compared to its peers. However, he sees increasing fundamental headwinds hindering this value unlock. The analyst notes that PC demand has…
Here’s Why Morgan Stanley Downgraded Dell
Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc to Equal Weight from Overweight with a price target of $60, down from $66 (10.5 percent upside). The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook. Woodring noted the valuation is likely to be capped by slowing PC…
Evercore Upgrades Dell, Calls FY23 Outlook Conservative
Evercore ISI analyst Amit Daryanani upgraded the rating on Dell Technologies Inc. to Outperform from In-Line due to several factors, including what he called the company’s “very conservative” for its 2023 fiscal year outlook. Daryanani believes Dell will surpass its Q1 FY22 forecasts due to “share gains across [Dell’s] PC and infrastructure segments,” as well as a recovery in…
Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report
February 5, 2022
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Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…
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