http://www.statesman.com/business/technology/analysts-samsungs-austin-upgrades-will-keep-it-near-2439509.html
Just a few miles from where this blog is edited...Korean tech giant Samsung announced it will spend up to $4 billion to upgrade and retrofit a chip plant.
The expansion will add an estimated 2,500 temporary workers...and undoubtedly clog local highways with giant trucks.
Just down the road from Samsung's chip facility is a plant of computer maker Dell.
These are bad days for Dell...with a gloomy outlook.
Dell's profits fell 18% in Q2...with revenue down 8%...as laptops and desktop computers languish.
The company still relies on consumers for its sales...while business sales have stalled.
Its slow transition to networks and servers are the only good news.
Earlier in the year...the stock finally broke-out of its low teen trading range...after announcing a modest dividend...only to plummet back to $11.80 yesterday.
DELL is down 18% since late May.
TO READ: about Dell problems.
http://online.wsj.com/article/SB10000872396390443989204577603700089093044.html
Popular Posts
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- MEXICO: Indigena Michoacan Residents Defy Narcos.
- MEXICO: C.Bank Bought...90 Tons Of Gold...In Past 3 Months.
- HONDURAS: Zelaya Free To Return...After Arrest Warrants Dismissed.
- EASTERN EUROPE: 17 Mar. UPDATE: 2 New Nukes...Still In Poles Future...Despite Japanese Tragedy; Merkel Imposes Old Nukes Moratorium; Czechs, Slovaks And Others Support New Nukes.
- SERBIA: Singer "Ceca" Charged With Embezzlement.
- ARGENTINA: Gen. Menendez...Gets Another Life Sentence...For Killing 5 During "Dirty War."
- MONDAY MORNING MUSIC: From USA: Katy Perry's "Rainbow."
- MEXICO: Televisa TV Show Host Kidnapped And Murdered...With 2 Others...In Monterrey; 230,000 Reported To Have Fled Mexican Violence.

