USA Today -- U.S. companies lag as Chinese firm's market share in China soars
usatoday.com
HONG KONG -- Wang Hai Lin, 14, knows why he wants a personal
computer made by Legend Holdings.
"It is cheaper, it is better, and it is Chinese," he says as he and his
parents shop for PCs in the Chinese city of Shenzhen.
Wang is one more reason for Beijing-based Legend to cheer -- and for
U.S. PC companies to groan.
[...]
In the last quarter, Legend's market share surged to 23% from 17.3%.
Such a gain in one quarter is "unprecedented," says PC analyst Douglas
Lee of Goldman Sachs in Hong Kong.
At the same time, the combined market share of IBM, Hewlett-Packard
and Compaq Computer dropped to 13% from 15.4%. "Legend is eating
them for lunch," says Vijay Harjani, PC analyst at Credit Suisse First
Boston in Hong Kong.
[...] |
