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BUSINESS NEWS.(TO THE POINT)

Investor's Business Daily

| August 03, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TECHNOLOGY

June chip sales drop from May

Global chip sales eased 9% to $11.6 billion due to weak economies and an inventory glut, the Semiconductor Industry Association said. Year over year, sales plunged 30.7%. Chipmakers have suffered as demand for PCs, cell phones and other electronics has fallen. Excess IT spending, especially among telecoms, has also hurt. Sales in the Americas fell 13% from May. European sales slumped 11%.

Intel plans to open its new network processor design center in Malaysia, its first in Asia.

Dell stopped selling PCs or laptops with the Linux operating system, citing weak demand.

Server sales slow on U.S. slump;

Dell, IBM rise, all others slide

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