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CNN Live At Daybreak
High-Tech Bargains: Look for Sales & Promos on High-Tech Gadgets
Aired November 10, 2003 - 06:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little more 'Business Buzz.' The holiday shopping season brings lots of bargains on high- tech gadgets this year.
Carrie Lee has more on that story live from the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
A lot of tech bargains out there today, just in time for the holiday selling season to kick off. A couple of reasons why, advances in technology, competition. Also, the sluggish economy makes some of these retailers a little bit more aggressive in their pricing.
Let me give you some examples here, $100 for a digital camera, $20 for a printer and $43 for a scanner. Prices unheard of just a couple of years ago. For the past couple of years, it's been tough to find a handheld computer for under $100, but you can do that today.
Let me give you a couple of brands name examples. Palm recently slashed the price of its Zire. This is its most basic PDA to $80 from $100. Also, a Polaroid DVD player sold at a Best Buy in California recently for $40. This, after a $10 rebate. The average price of a DVD player these days is $75. We have even seen examples of high-end flat screen televisions going for less than 2,700 bucks. Quite a difference from the $8,000 fairly recent price tag.
Business spending on technology remains weak. Retailers and brand name companies getting aggressive. All good news for consumers -- Carol.
COSTELLO: You got that right. It's always best to wait when new technology comes out, but really not very many of us do.
LEE: Absolutely.
COSTELLO: Yes.
LEE: But the old technology really isn't even that old. It's just when that new model comes out and then everyone wants that and the prices on something even six months old tend to drop pretty quickly.
COSTELLO: And we like that.
Quick look at the futures before you go.
LEE: Looks like a flat to slightly weaker open. The Dow, the Nasdaq, the S&P 500 all managed to end in positive territory last week. You can see here is the weekly action. Not too much on the economic front today; however, IBM is the subject of a cover story on "Barron's," saying that Big Blue is in a very good position when the business spending environment picks up. So we'll be watching that stock today -- Carol.
COSTELLO: All right. Carrie Lee live from the Nasdaq market site in New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Gadgets>
Aired November 10, 2003 - 06:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little more 'Business Buzz.' The holiday shopping season brings lots of bargains on high- tech gadgets this year.
Carrie Lee has more on that story live from the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
A lot of tech bargains out there today, just in time for the holiday selling season to kick off. A couple of reasons why, advances in technology, competition. Also, the sluggish economy makes some of these retailers a little bit more aggressive in their pricing.
Let me give you some examples here, $100 for a digital camera, $20 for a printer and $43 for a scanner. Prices unheard of just a couple of years ago. For the past couple of years, it's been tough to find a handheld computer for under $100, but you can do that today.
Let me give you a couple of brands name examples. Palm recently slashed the price of its Zire. This is its most basic PDA to $80 from $100. Also, a Polaroid DVD player sold at a Best Buy in California recently for $40. This, after a $10 rebate. The average price of a DVD player these days is $75. We have even seen examples of high-end flat screen televisions going for less than 2,700 bucks. Quite a difference from the $8,000 fairly recent price tag.
Business spending on technology remains weak. Retailers and brand name companies getting aggressive. All good news for consumers -- Carol.
COSTELLO: You got that right. It's always best to wait when new technology comes out, but really not very many of us do.
LEE: Absolutely.
COSTELLO: Yes.
LEE: But the old technology really isn't even that old. It's just when that new model comes out and then everyone wants that and the prices on something even six months old tend to drop pretty quickly.
COSTELLO: And we like that.
Quick look at the futures before you go.
LEE: Looks like a flat to slightly weaker open. The Dow, the Nasdaq, the S&P 500 all managed to end in positive territory last week. You can see here is the weekly action. Not too much on the economic front today; however, IBM is the subject of a cover story on "Barron's," saying that Big Blue is in a very good position when the business spending environment picks up. So we'll be watching that stock today -- Carol.
COSTELLO: All right. Carrie Lee live from the Nasdaq market site in New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Gadgets>
