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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (62606)6/10/1999 5:16:00 PM
From: Night Writer   of 97611
 
IDC
Asia Pacific PC shipments hit Q1 '99 record - IDC

SINGAPORE, June 10 (Reuters) - The Asia Pacific personal
computer (PC) market posted its highest ever quarterly shipment
total in the first quarter of 1999, underpinning recovery in
the sector, International Data Corporation (IDC) said on
Thursday.
Total regional PC shipments, excluding Japan, were 2.95
million units in the first quarter, some 25 percent higher than
the same period a year earlier and two percent higher than the
fourth quarter of 1998, the research house said in a statement.
It was the first time in three years that every Asian
market tracked by IDC had registered positive annual growth.
"After two very tumultuous years, the regional PC market
appears to be firmly planted on the path of recovery," Brian
Kornegay, IDC research manager said in a statement.
International Business Machines Corp <IBM.N> was the
region's number one shipper with about 259,000 units moved in
the first quarter, up 49 percent year-on-year.
Compaq Computer Corp <CPQ.N> retained second spot with
223,400 units shipped, while Legend <0992.HK> was third.
Samsung <05930.KS> came in fourth and Hewlett-Packard <HWP.N>
was fifth.
Industry-wide gains were supported by growth in China,
Australia, India and Taiwan, with crisis-hit Asian economies
also strengthening, IDC said.
Annual increases ranged from four percent in Malaysia to 66
percent in Indonesia.
IDC said China now accounted for about 35 percent of the
regional market -- twice the size of Australia, the next
closest.
((Singapore Newsroom +65 870-3011; Fax +65 776-8112; email:
singapore.newsroom@reuters.com))
REUTERS
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