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By MELODIE WARNER On Wednesday, Apple Inc. Chief Executive Steve Jobs declared that the tech industry is in the "post-PC" device era as he introduced the iPad 2. A day later, a leading technology research firm gave credence to that assertion, cutting its PC shipment forecast and citing tablets as one of the reasons. Journal Community .. Gartner Inc. said it expects worldwide PC shipments to grow 10.5% in 2011 to 387.8 million units, down from an earlier forecast of 15.9% growth. The biggest decline will come in laptops sold to consumers, a traditionally high growth sub-sector where shipments are now expected to increase 14.6% in 2011 instead of 25.1%, the firm said. Competition from the iPad is an obvious culprit. Many estimates call for upwards of 40 million tablet sales in 2011—with Apple's device dominating the market—an amount that would more than compensate for the drop off in PC sales if the two categories were combined. And many other companies are racing to...
Ford Electric.
BY JOHN LETZING Ford Motor Co. Chairman William Ford said Thursday that the auto maker is hedging its bets when it comes to electric car technology, noting uncertain demand for electric cars and other technologies could yet prove viable. An electric version of Ford's Focus model is expected next year. The car will follow the releases of electric models from General Motors Co. and Nissan Motor Co. supplied info by edward e. cambas
Important.
BY GREGORY ZUCKERMAN Bain Capital,Kohlberg Kravis Roberts & Co., Bank of America Corp. and the brother of former Senate Majority Leader William Frist are each in line to make nearly $3 billion from $1.2 billion investments in the 2006 leveraged buyout of hospital chain HCA Holdings Inc. The gain—about 250% over five years that were trying for the economy and health-care companies—would amount to one of the largest ever from a private-equity deal. The profits show the original attraction of $20 billion-plus "megadeals," which enjoyed a heyday during the credit boom last decade. Investing at such scale, with high leverage, can yield huge ...