It wasn’t a good week for market leaders amongst the techs. But was it a sign of bad times, or just growing competition? Intel saw second quarter profits slide 57 percent to $885mn. Part of the blame lies with AMD. The smaller PC chip maker, Intel’s faint shadow for so long, has seen profits...
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Techs slump, as competition grows
Australian economy to cool
The Reserve Bank of Australia meets next week to review interest rates – and is expected to raise them by 25 basis points to 6 percent – with some Australian economists predicting further rises of upwards 75 basis points this year in total. The Australian economy has been booming of late, fuelled by demand...
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Biggest threat to oil prices as US rearms Israel
The Bush administration is reportedly speeding up the shipment of previously ordered ‘state off the art’ laser and satellite guided missiles to Israel, in a move that threatens to anger both hostile and friendly Arabic nations alike. In the light of the continued bombardment of the Lebanon by Israeli forces the resentment from Arabic...
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Dubai government to buy British Airways
Last week rumours that Emirates, owned by the Dubai government, were looking into buying British Airways forced the price of BA stock up 5%. As with all rumours there has been a breathing space – though the stock has continued to push to record levels of 377 pence. BA is currently facing anti-trust allegations...
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Is Apple smiling at Michael Dell ?
Michael Dell has never been one to hold back his view on Apple, most famously quoted at a Gartner Symposium ’97 (yes he was at it then) when asked what advice he had for Steve Jobs – ‘What would I do? I’d shut it down and give the money back to the shareholders’. As...
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