Inventory Bulima & Consumer Anorexia
From Flecks latest... Fred Hickey recently noted in his High Tech Strategist subscription newsletter:
"We have excess PC inventories, excess cell phone inventories, excess auto inventories, excess networking inventories (the Cisco 'Lean' initiative), excess telecom inventories (carrier consolidation), excess PS3 and Xbox game consoles (disappointing sales), excess iPod inventories, excess computer server parts, excess disk drive inventories, excess DRAM inventories, excess microprocessor inventories -- and it will all be cleared during the housing and credit bust, and the first consumer cutbacks in 16 years."
"We have excess PC inventories, excess cell phone inventories, excess auto inventories, excess networking inventories (the Cisco 'Lean' initiative), excess telecom inventories (carrier consolidation), excess PS3 and Xbox game consoles (disappointing sales), excess iPod inventories, excess computer server parts, excess disk drive inventories, excess DRAM inventories, excess microprocessor inventories -- and it will all be cleared during the housing and credit bust, and the first consumer cutbacks in 16 years."
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