ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Tuesday, April 30, 1996 TAG: 9604300086
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
PC sales catch TVs, and it may not matter
NEW YORK - Some computer industry executives keep saying American consumers are buying more personal computers than television sets. But it has not been true. Until now.
In the first three months of 1996, consumer electronics stores, PC superstores and office superstores sold 937,000 personal computers , according to Computer Intelligence Infocorp of La Jolla, Calif. About 660,000 TVs were sold during the same period, according to the Consumer Electronics Manufacturing Association.
Spending on PCs, typically $2,000 per machine, has exceeded spending on TVs, typically $400 each, in the past two years.
The distinction may become a moot point soon. Gateway 2000 Inc. earlier this month began selling a $3,800 device that is a combination of a personal computer and television set.
- Associated Press
Lloyd's, states extend cease-fire
WASHINGTON - Lloyd's of London agreed Monday to wait another month before trying to seize assets from about 2,700 U.S. investors, some of whom face financial ruin.
Lloyd's won greater protections from state regulators for its $20 billion bank accounts, used to pay claims in this country. But negotiations continue over lawsuits that accuse Lloyd's of securities fraud. A previous ``cease-fire'' was to expire today.
So far, nine states, including Virginia, have sued Lloyd's, alleging it recruited U.S. investors to invest in the British insurance market without adequately informing them of the risks. Lloyd's denies the charges.
- Associated Press
Briefly ...
Kelly Rentals Inc. has moved from 2729 Williamson Road to a larger store at 3609 Williamson Road. The Danville-based company, which rents furniture, electronics, appliances and jewelry, operates 12 stores in Virginia and North Carolina.
Diabetes Self Care Inc., a Roanoke-based subsidiary of Universal Self Care Inc., said Monday it has bought PCS Northfield, a Troy, Mich., durable medical equipment company. The price was not disclosed. Universal has offices in Livonia, Mich., but said it will consolidate operations in Roanoke later this year.
LENGTH: Medium: 53 linesby CNB