The demise of Gateway's operations in Australia is a sorry example of the current economic climate, but for bargain hunters there may be some good news. Gray Eisdell Timms has been appointed as Gateway's sole auctioneer to dispose of $4 million of warehouse stock. It is the largest computer sell-off in Australia's IT history and will take place on October 27 and November 3. Stock details can be viewed at www.graysonline.com.au.
Intel's 1.2GHz Celeron
Intel launched a 1.2GHz version of its desktop Celeron chip last week, pipping rival AMD for clock speed [AMD launches 1.1GHz Duron (below right)]. The new version is the company's first desktop Celeron made using the 0.13-micron manufacturing process, a term that refers to the dimension of circuits etched on the surface of chips. The 0.13-micron manufacturing process allows manufacturers to create chips that run faster, generate less heat and consume less power. Previous versions of the desktop Celeron were made using the 0.18-micron manufacturing process. The new Celeron also features 256KB of on-chip Level-2 cache, Intel said. Level-2 cache is data storage close to the processor that increases performance. Previous desktop Celerons only had 128KB of cache. The 1.2GHz Celeron is selling in the US for $US103 in 1000-unit quantities.
Q lowers Q3 forecast
Compaq expects third-quarter revenue to be below its former guidance because of the terrorist attacks in September and other related supply chain and logistics events. The company now expects revenue to be between $US7.4 billion and $7.5 billion for the quarter, which ended September 30, the company said last week. Based on preliminary data for the quarter, the company also expects to report a loss, on an operational basis, of between $0.05 and $0.07 per diluted common share, Compaq said in a statement. In the third quarter of 2000, Compaq reported revenue of $11.2 billion.