WASHINGTON, DC – TechNet, the bipartisan political network of CEOs that promotes the growth of the innovation economy, today urged Congress to approve the economic rescue package now under consideration.
"We urge Congress to approve the economic rescue package now before the Senate," said Lezlee Westine, president and CEO of TechNet. "Not only is the bill essential to stabilizing our nation's economy, but it also includes vitally important tax incentives for clean energy and research and development that can help create thousands of high skilled jobs in America.
"We strongly believe the financial package before Congress is far too important to the stability of our economy to let fail," said Westine in a press release. "This measure is not just for financial services, and if no action is taken will hurt businesses across every sector because we are all affected by problems in the credit markets. The ramifications would quickly boomerang throughout the whole US economy and we simply cannot let that happen."
EL SEGUNDO, CA – PC demand continues to defy economic and financial woes, with second-quarter worldwide unit shipments growing 14.5% year-over-year to reach 70.2 million units. No changes occurred sequentially among the top five OEM rankings, says iSuppli Corp.
Overall PC shipments came in higher than forecast, said Matthew Wilkins, principal analyst, compute platforms for iSuppli. “iSuppli maintains its enthusiasm for the PC market in 2008, despite the challenging conditions. iSuppli’s latest forecast for the 2008 PC market estimates unit growth of 12.5%.”
“Hewlett-Packard continued its impressive start to 2008, with shipments of 13.4 million units, maintaining its worldwide No. 1 ranking at a share of 19.1%,” Wilkins said. “However, the second quarter represented Dell’s fourth consecutive quarter of market share growth, with the company delivering shipments of 11.2 million units and a share of 16%.”
Acer and Lenovo continued their fierce scrap, although with no change in rank, says the firm. Acer held onto third place with a 9.5% share, and Lenovo maintained fourth place, with a 7.9% share.
Lenovo proved Dell wasn’t the only top five OEM that could grow share, delivering a 1% sequential increase in share to reach 7.9%.
The second quarter was the fourth consecutive quarter during which Dell gained market share, noted iSuppli.
TEMPE, AZ – The manufacturing sector in September dropped to its lowest level since October 2001 – the month following the terrorist attacks on New York City and Washington – the Institute for Supply Management reported today.
The segment of Computer and Electronic Products was among the six sectors showing growth, however. The overall economy grew for the 83d consecutive month.
The Manufacturing PMI was 43.5%, down 6.4 points from August and the lowest mark since October 2001's 40.8%. A reading above 50% indicates expansion in manufacturing. Over time, a PMI over 41.1% indicates an expansion of the overall economy. The PMI for September annualized corresponds to a 0.8% increase in real GDP.
ISM spokesman Norbert J. Ore said, "The PMI indicates a significantly faster rate of decline in manufacturing during September, marking a departure from the 2008 trend toward negligible growth or contraction each month. This month's report is showing prices rising at a much slower rate, as the Prices Index fell to the lowest level in 21 months. Export orders continued to increase, but at a slower rate than in August."
The New Orders index was 38.8%, down 9.5 points sequentially. A reading above 51.6%, over time, is generally consistent with a rise in the Census Bureau's manufacturing orders figures.
WASHINGTON, DC – U.S. high-tech exports totaled $214 billion in 2007, down 3% compared to 2006, according to AeA.
High tech is the single largest merchandise export sector in the U.S., representing 18% of all U.S. exports to the world in 2007, says the association.
High-tech imports totaled $333 billion last year, up 3%, resulting in a high-tech trade deficit of $118 billion.
“Trade is critical for the U.S. high-tech industry and for every state’s economy,” said Christopher W. Hansen, president and CEO, AeA. “The bad news is that U.S. tech exports declined slightly in 2007. The good news, however, is that tech exports rose in 29 states. These exports support nearly 900,000 American jobs – an often overlooked fact.”
Twenty-nine cyberstates saw tech export growth between 2006 and 2007, according to AeA. The largest growth was in Virginia, Florida, Idaho, New Jersey and Utah, as measured by dollar increase. California was the leading high-tech export state with $48.2 billion in exports in 2007, followed by Texas with $35.9 billion. Florida, New York and Massachusetts rounded out the top five. The largest decrease in tech exports occurred in California, Texas and Colorado.
The largest overseas markets for U.S. high-tech exports were the European Union ($46.6 billion), Canada ($29.4 billion), Mexico ($26 billion), China ($14.5 billion), Japan ($11.9 billion), and Singapore ($9.2 billion), says the association.
The fastest growing large export markets (defined as having $1 billion or more in U.S. tech exports) for U.S. tech exports between 2006 and 2007 were Portugal (+204%), the Dominican Republic (+45%), Belgium (+41%), Colombia (+28%), and Argentina (+21%).
The U.S. imported the most high-tech products from China ($112.3 billion), Mexico ($51.3 billion), the EU ($33.4 billion), Japan ($29.2 billion), and Malaysia ($25.1 billion).
High tech was the second largest import sector, just behind energy products. The largest high-tech import subsectors in 2007 were computers and peripheral equipment ($103.2 billion), communications equipment ($74.0 billion), and consumer electronics ($54.4 billion).
SCHAUMBURG, IL -- IPC Midwest opened Wednesday to modest attendance and plenty of concern over the economy. The second-year trade show attracted light to modest traffic, aided by the ongoing technical conference and standards writing meetings.
DRESDEN, GERMANY -- Plastic Logic has begun volume production of displays at its new, state-of-the-art plastic electronics manufacturing facility here.
The fully automated and integrated facility will begin building the company's forthcoming electronic reading product, scheduled to come to market in early 2009.
Plastic Logic holds patents on plastic electronics technology said to cover the manufacture of high-resolution transistor arrays on flexible plastic substrates at low temperatures. The process is said to be simpler than conventional glass silicon processes, and produces active matrix displays that are thinner, lighter and more robust than glass.
