"Steve Ballmer's Nightmare Is Coming True"(7 posts)
Good read Rick.
"The analyst firm now expects worldwide chip sales to decline 2.3% in 2012, from $310 billion in 2011 to $303 billion this year."- this is a slap to face for us poor people! XD are you kidding? We're talking about BILLIONS.
I missed work last Monday due to the flu and now I am worried sick expecting a $80-90 decreased check this week! And they're worried because they're going from $310 billion to $303 billion??? XD IDK if I should laugh or cry!
A lot of Global Economic Head Winds facing the whole electronics industry.
Is evidenced in the forum questions posed by folks still using 6 year old computers and running Windows XP.
Over half the countries which employ austerity measures to cure their economic problems are now back in recession.
Computer-chip giant Intel Corp.is borrowing $6 billion in part to buy back stock, as U.S. companies continue to make use of forgiving debt markets to make bigger payouts to their shareholders.
Many companies are electing to take advantage of low interest rates to borrow money in the U.S. for share buybacks and dividends, while leaving cash balances held abroad untouched because bringing those funds would trigger a big U.S. tax hit.