CHS CRINGES Reuters.Miami-based CHS (Cylinder Head Sector) An earlier method of addressing a hard disk by referencing all three physical elements of the drive. It was superseded by logical block addressing (see LBA). Electronics won't be the leading distributor of computer products in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Europe for much longer. Led by Venezuelan-born Claudio Osorio, the debt-ridden distributor is selling its operations in both regions to obtain desperately needed cash. Once high-flying CHS has been nose-diving since the company issued false second quarter financial statements in 1999 that overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o its vendor rebates. Lawsuits soon followed a revised report, which put the company's losses at US$89 million for the quarter. Then, CHS underwent a series of cost cuffing cuffing /cuff·ing/ (kuf´ing) formation of a cufflike surrounding border, as of leukocytes about a blood vessel, observed in certain infections. measures to cope with the mishaps. The results have been ugly partially because of shrinking profit margins in the global computer business. The firm's rock bottom stock price indicates that Wall Street is no longer willing to pay for the aggressive, frenzied fren·zied adj. Affected with or marked by frenzy; frantic: a frenzied rush for the exits. fren acquisition strategy that catapulted CHS into the big leagues of PC distribution. Talks of a merger are in the works and don't count on"HS"to remain on the stock exchange much longer. |
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