Online PC sales defy forecasts

Projections based on polling by financial analysts contributed to concerns about computer industry sales this holiday season. Early indications, however, indicate that financial polling is as unreliable as the political sort. Media Metrix Online Shopping Index shows a 31 percent increase in Web shopping over last year while computers have become the top retail subcategory for last week.

In related news, Intel Corp. blames slowed revenues on a reduction in PC sales caused by a widespread economic slowdown.

For more on PC sales, see techweb.com. For the Intel story, see techweb.com.