News

Group 19 and General Interest NEWS items are posted here.

Sales Hiring – Announced this week

job-logos

Three major companies announced this week they will be hiring sales people in the US, adding a total of 2,900 new positions to fill this year. Progressive plans to hire 1,100 new sales, service and claims people;  185 in Austin, 65 in Phoenix, 129 in Colorado Springs, 390 in Tampa and 337 in Cleveland.  “We’re [...]

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Flood in Thailand impacting PC Shipments

Thai Flood 2011

The October 2011 flood in Thailand was the worst in decades, displacing over 3,000,000 people.  Factories there that produce 45% of the world’s PC Hard Drives, were dramatically impacted.   Flood caused disruptions have been moving through the supply chain causing problems around the globe.  Estimates of world wide PC volumes are unclear but most insiders believe shipments could [...]

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Is this the beginning of the end for RIM?

BlackBerry 2

For the first time in 9 years, RIM reported a decline in revenue for the Quarter ending in September.  Revenue was $4.2B, down 15% quarter to quarter.   Bloomberg actually reported this week that the BlackBerry maker is worth less than the net value of its property, patents and other assets.  Although world wide Rim sales of [...]

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iPhone 4S Sales Setting New Records

iPhone 4s

Both Sprint and AT&T have released incredible sales figures following the launch of the iPhone 4S.    Demand was expected to be high for the 4S, driven by very strong pre-release order volumes.  Apple earlier reported order volume for the 4S in excess of 1 Million in just the first 24 hours of the pre-release order window. If you [...]

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September Retail Sales up 1.1%

Stock Ticker

The US Commerce Department released information showing business inventories increased 0.5% in August and Sales grew 0.3%.  Retail Sales numbers for September were up 1.1%, the biggest gain since February.  In the same report, August’s retail sales numbers were revised upward.  How do you interpret this news and what is your overall outlook for Q4 numbers? [...]

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