PeoplePC finds niche in corporate sales

Article Abstract:

PeoplePC's most recent deal was with the National Trades Union of Singapore. The company is to supply employer-subsidized computers and online connections to up to 300,000 workers, or potentially 10% of the country's population. Now Dell and Gateway are moving into the market. Avon employees will be able to get Gateway machines. Dell has deals with American Airlines and Enron. PeoplePC had a loss of $107 mil on $18.9 mil in revenues the first half of 2000. It expects to become profitable in 2003. Despite recent industrywide declines in PC sales, company founder Nick Grouf has his eye on the 49 percent of U.S. households still without computers.

Strategy & planning, On-Line Information Services, Videotex & Teletext, Computer and Computer Peripheral Equipment and Software Wholesalers, Computers, peripherals & software, Computers Wholesale, Statistical Data Included, Management, Computer industry, Online services, Internet services, Wholesale industry, Wholesale trade, Company business management, Computer wholesalers, PeoplePC Inc.

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Cisco sales rise 66%, as profits exceed expectations

Article Abstract:

Defying negative trends in the networking equipment market, industry leader Cisco Systems posted strong sales and earnings figures for the first quarter. In its 11th consecutive quarter of accelerating earnings growth, Cisco reported net income of $1.36 billion compared to $814 million for the first quarter of the previous year. Much of the growth in revenue for Cisco was fueled by acquisitions such as HyNex, IPmobile, Komodo Technology, Netiserve, and NuSpeed. Some analysts are questioning whether the current stong demand for network equipment will continue, which would reflect negatively on Cisco's future growth prospects.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Data Communications Equip, Computer network equipment industry, Network hardware industry, Finance, Data communications equipment, Cisco Systems Inc., CSCO

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Days of plenty are over at free Internet services

Article Abstract:

Several Internet service providers, including Bluelight.com and NetZero, will be charging customers for Internet access starting in 2001. These former ISPs which offered free Internet access are having to charge their subscribers due to the overwhelming popularity of the ISPs' services. Research shows that at NetZero half of the company's telecommunications expenses are accounted for by only 12% of its subscribers.

Services discontinued, Services, Internet service providers, Forecasts and trends, Industry trend

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