NEC said on Monday it plans to increase the suggested retail price on its personal computers due to rising prices of parts such as DRAM chips and liquid crystal displays.
"We are in a situation where we have to jack up PC prices from the next new product line," said a spokesman for NEC, Japan's biggest supplier of personal computers, declining to say how much the increase would be.
NEC's comment came after U.S. firm Apple Computer last week increased the price on its low-end iMac desktop computer by $100, complaining that prices of components were going through the roof.
The Nihon Keizai Shimbun reported on Sunday that NEC's peers Fujitsu and IBM Japan, a unit of IBM, also plan to raise their PC prices by 10 percent to 20 percent starting in April.
"Although parts prices have been up, we have not decided whether we should raise our PC prices," a Fujitsu spokesman said.
News source: CNet News
"We are in a situation where we have to jack up PC prices from the next new product line," said a spokesman for NEC, Japan's biggest supplier of personal computers, declining to say how much the increase would be.
NEC's comment came after U.S. firm Apple Computer last week increased the price on its low-end iMac desktop computer by $100, complaining that prices of components were going through the roof.
The Nihon Keizai Shimbun reported on Sunday that NEC's peers Fujitsu and IBM Japan, a unit of IBM, also plan to raise their PC prices by 10 percent to 20 percent starting in April.
"Although parts prices have been up, we have not decided whether we should raise our PC prices," a Fujitsu spokesman said.
News source: CNet News
In a companywide memo on March 5, 2000, Huang said the firm had won a lucrative contract to supply graphics chips for Microsoft's Xbox game console. Nvidia shares soared in the following days and weeks as rumors of the deal rippled through Wall Street.
In a telephone interview with The Chronicle, Bhagat admitted that he purchased 1,000 shares the following day but said he didn't know about the Microsoft deal, because he opened the e-mail after he purchased the shares.
"Mr. Huang sent an e-mail midnight on Sunday night. . . . Me and my wife had been looking for houses during that time, and the following morning, I was looking at properties online and I also traded stocks at the same time," he said. "It was after lunch I opened the e-mail."
Bhagat, who immigrated to the United States a decade ago from India, said he feels "persecuted by the U.S. government."
"I came to this country and enrolled at the University of Kentucky with $800 in my pocket. I worked delivering newspapers and pizzas putting myself through school. And now this," said Bhagat, who is married to a school teacher and has a 10-month-old son.
He later earned a master's degree in electrical engineering at Stanford University and landed a job at Sun Microsystems, where he remained for about three years before becoming a hardware engineer at Nvidia in January 2000. He remained on paid leave yesterday but figures that he will be fired now that there's a conviction.
"These guys want to ruin my life for 1,000 shares that I bought on speculation, not on insider information," he said. "I'm going to fight hard." Bhagat said he made $48,000 profit from the purchase but ended up spending more than $250,000 to defend himself in the case.
Bhagat said he will appeal the verdict. He spent yesterday afternoon writing an eight-page letter to U.S. District Judge Ronald M. Whyte, appealing his case.
"In early 2000, everybody was trading stocks, and I was, too, and Nvidia happened to be one of the purchases on that day. And here I am, a convicted felon," he said.
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