11.   But organizations like the International Energy Agency have consistently underestimated growth in demand, and inventories have been reduced to levels that have become critical.

12.   But that estimate does not include any of the sales decline that is expected as wholesalers reduce their inventories.

13.   By doing business on the Internet, he said Dell is able to reduce its inventories, while customers get faster, more efficient service.

14.   Compaq officials said they are beginning to see the benefits of its success in reducing inventory, which soared after demand for PCs declined sharply late last year.

15.   Copper prices could rise, building on their highest price in three weeks, as inventories are reduced by expanding manufacturing demand.

16.   Corporate bosses anticipated a slide in profits amid falls in sales growth and were increasingly moving to reduce inventories.

17.   Companies have been curbing output this year to reduce inventories.

18.   Compaq Computer and Hewlett-Packard still sell primarily through dealers, but have made steps to reduce inventories by building only machines for which they have orders.

19.   Compaq reduced inventory and increased its cash, he said.

20.   Customers get quicker delivery, while Kodak is able to reduce inventories and free up working capital.