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
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- PUERTO RICO: The Enigma of Tourism.
- VENEZUELA: Chavez Shuffles Cabinet With 9 New Apointments.
- BRASIL:1ST UPDATE: Ramalho Refuses Job Offer; Menezes Named National Coach.
- URUGUAY: Prez. Mujica Popularity At Record High After 100 Days.
- MEXICO: 20,000 Masked Indigena March For Peace In San Cristobal de Las Casas.
- USA / PANAMA / MIDEAST : Oil Tanker Hits Destroyer In Straits Of Hormuz...Leaving Huge Gash.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- PANAMA:2ND UPDATE: Panama Serial Murder Suspects Arrested In Nicaragua.
- COLOMBIA: Capturing The Beauty In Beauty Contests.

