http://stockmarketbeat.com/blog1/2006/08/30/business-spending-not-picking-up-housing-slack/ Our beat: The stock market. Our job: Beat it. Tue, 07 Oct 2008 23:08:24 +0000 http://wordpress.org/?v=2.2.1 http://stockmarketbeat.com/blog1/2006/08/30/business-spending-not-picking-up-housing-slack/#comment-4365 Stock Market Beat » Blog Archive » Where’s That Pickup In Business Spending? Thu, 19 Oct 2006 12:01:41 +0000 http://stockmarketbeat.com/blog1/2006/08/30/business-spending-not-picking-up-housing-slack/#comment-4365 [...] Where’s That Pickup In Business Spending? We have discussed previously how the Goldilox scenario many bulls envision relies in part on business spending picking up the slack from any slowdown in consumer spending. This outlook has been the refrain for the last several years, and fortunately consumers have shown a willingness to continue spending more than they earn because the business spending revival remains nowhere to be seen. CDW sales miss forecast; shares fall (Reuters.com) Computer seller CDW Corp. (CDWC.O: Quote, Profile, Research) on Wednesday reported lower-than-expected third-quarter revenue on a decline in sales to business customers, sending its shares down nearly 3 percent.The Web-based retailer, which targets businesses and government agencies, said net sales rose 4.1 percent to $1.74 billion. That wasn’t enough to satisfy analysts, whose average forecast was $1.76 billion, according to Reuters Estimates. [...] […] Where’s That Pickup In Business Spending? We have discussed previously how the Goldilox scenario many bulls envision relies in part on business spending picking up the slack from any slowdown in consumer spending. This outlook has been the refrain for the last several years, and fortunately consumers have shown a willingness to continue spending more than they earn because the business spending revival remains nowhere to be seen. CDW sales miss forecast; shares fall (Reuters.com) Computer seller CDW Corp. (CDWC.O: Quote, Profile, Research) on Wednesday reported lower-than-expected third-quarter revenue on a decline in sales to business customers, sending its shares down nearly 3 percent.The Web-based retailer, which targets businesses and government agencies, said net sales rose 4.1 percent to $1.74 billion. That wasn’t enough to satisfy analysts, whose average forecast was $1.76 billion, according to Reuters Estimates. […]

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