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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 11.99-0.3%Dec 23 3:53 PM EST

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To: Mohan Marette who wrote (401)12/17/1999 10:06:00 AM
From: Mohan Marette  Read Replies (1) of 1471
 
Indian PC market continues to grow, shows 43% rise in JAS 1999: IDC

(Indian PC market continued on its growth path in the quarter ending September 1999, with PC shipment showing 43 per cent rise in unit terms.)
CIOL Bureau

Friday, December 17, 1999

New Delhi: Indian PC market continued on its growth path in the quarter ending September 1999, with PC shipment showing 43 per cent rise in unit terms. This was revealed in the latest PC Tracking Program of IDC (India).

According to an IDC (India) release, the quarter was dominated by intense political activity with the campaigning for elections during July and August, followed by nearly month-long general elections. This led to both government as well as business organisations reducing their IT spending and postponing planned investments.

Overall PC shipments witnessed a growth of over 43 per cent in unit terms and 36 per cent in value over the corresponding period of 1998. A total of 301,493 PCs were shipped in the quarter, at a value of Rs 1,355.6 crore ($315 million).

PC volumes in July-August-September (JAS) 1999 were stimulated by the buying spree led by depreciation benefit and festival season. However shipments could have been even higher but for the local assemblers being hurt in September by heavy increase in PC memory (RAM) prices.

HCL was the market leader in JAS 1999. The market share of the top ten brands increased from 40 per cent in JAS 1998 to 43 per cent in JAS 1999. Correspondingly the share of small brands/local assemblers declined from 60 per cent in JAS 1998 to 57 per cent in JAS 1999. Within the top ten vendors, share of the Indian brands ? HCL, Zenith, Wipro and Vintron went up from 49 per cent in JAS 1998 to 52 per cent in JAS 1999.

*JAS=July,August,September
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