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Re: Zeev Hed post# 289188

Monday, 08/30/2004 3:39:35 PM

Monday, August 30, 2004 3:39:35 PM

Post# of 704047
Thanks Zeev, I appreciate your input. The question is, how much cheaper will these stocks be 'allowed' to get?

Interesting, FYI:

UPDATE 1-U.S. consumer electronics sales growth tops f'cast

NEW YORK, Aug 30 (Reuters) - U.S. consumer electronics
sales will grow by 8.1 percent this year, sharply ahead of
previous forecasts and more than three times 2003 levels, an
industry trade group said on Monday.
The gains in the industry, whose sales reached about $96
billion in 2003, are being spurred by the popularity of video
products such as high-definition televisions and portable audio
devices, like MP3 digital music players, according to the
Consumer Electronics Association.
"There has been tremendous growth in digital television,
computers and flat panel (products)" Gary Shapiro, president
and chief executive of Arlington, Virginia-based CEA, told
Reuters in an interview.
In January, CEA had forecast that the wholesale electronics
market in 2004 would rise to over $100 million, up about 4
percent over 2003. Sales rose 2.3 percent in 2003, rebounding
from three years of negative or minimal growth.
CEA, the U.S. trade group that represents audio, video and
mobile electronics makers, forecasts industry growth every
January and revises its forecast in August.
CEA expects in coming weeks to release its full revised
estimates for 2004, Shapiro said.
The Consumer Electronics Association's estimates cover
factory-to-dealer shipments, or wholesale figures. With the
retail mark-up, the actual amount spent by consumers on
electronic gadgets is far in excess of $100 billion each year.
((Reporting by Franklin Paul, Editing by Leslie Adler; Reuters
Messaging: Franklin.Paul.reuters.com@reuters.net; email
Franklin.Paul.reuters.com; Tel: +1 646 223 6180))
REUTERS
http://biz.yahoo.com/rc/040830/tech_consumerelectronics_2.html

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