The Register® — Biting the hand that feeds IT

SCI warning rocks PC sector

Says sales are weak for set-top boxes

Free whitepaper – Dell IT infrastructure services brochure

The big PC manufacturers had their share price rocked yesterday after a profit warning from electronics assembler SCI Systems.

In spite of analyst reports claiming PC sales are on the up, Hewlett-Packard and Compaq lost 5.41 per cent and 5.56 per cent respectively from their stock price, on the announcement.

SCI Systems is the world's second largest contract electronics manufacturer that assembles components for the computer companies. HP is its biggest customer for desktop PCs.

SCI blamed the seasonal weakness in demand for consumer electronics and PCs as the reason it would miss Q1 earnings expectations. Set top box sales were singled out as a problem. SCI's shares tumbled by as much as 30 per cent during yesterday and finished 18 per cent down. ®

Related Stories

Windows ME boosted August PC sales by 60 per cent
Worldwide PC sales to rocket in Q3

Free whitepaper – Dell/EMC CX4 and Dell PowerEdge blades

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes