Giant tech trade show in Barcelona roiled by coronavirus concerns
Intel Corp. has become the latest major technology company to bail on one of the biggest mobile conferences of the year amid concerns over the outbreak of the coronavirus.
Amazon.com AMZN, +2.25%, Sony SNE, +0.64%, Ericsson ERIC, +5.46% ERIC.A, +5.78% Nvidia NVDA, +3.21%, LG Electcronics 006570, -0.13%, and NTT Docomo 9437, -0.19% are among those that have recently confirmed that they won’t be attending the event, which last year boasted nearly 110,000 attendees from 198 countries.
In fighting a tide of worrying headlines about the virus’s spread, GSMA is not alone. The U.S.-based Professional Convention Management Association is keeping a running tally of global events that have been postponed, canceled or altered due to the virus, such as this week’s Singapore Air Show where around 70 companies reportedly pulled out. Several cases of coronavirus in Europe have been linked to a business conference in Singapore.
But as some are arguing in Barcelona, the risk of spreading the virus may not be worth it. Spain has had just two infections to date, but both from non-Spaniards who contracted the illness outside the country.Also: Coronavirus may be smaller risk to Chinese manufacturing than feared, says JPMorgan
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