Hi Kemble! Good news and a volatile day! Onward and upward! :)Leigh
"IDC believes Dell (DELL: news, msgs), Gateway (GTW: news, msgs), Hewlett-Packard (HWP: news, msgs), and Apple (AAPL: news, msgs) will benefit from this growth."
cbs.marketwatch.com
IDC sees 20% PC growth
By Janet Haney, CBS MarketWatch
Last Update: 2:43 PM ET Mar 7, 2000 Silicon Stocks
Hardware Report
FRAMINGHAM, Mass. (CBS.MW) -- A positive personal computer outlook from IDC did little to help stocks in that space Tuesday after the research firm predicted PC unit volume will grow 20 percent year-over-year.
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PC shipments, though, are expected to fall 9 percent in the traditionally slower first quarter vs. the fourth quarter.
IDC said PC sales in Asia-Pacific and Japan for the first quarter will lead the way with 32 percent growth over the year-ago first quarter. In the United States, IDC anticipates first-quarter growth to reach 20 percent, benefiting from the easing of last quarter's tight supply of chips and memory.
"With Y2K fears largely over and the introduction of Microsoft's Windows 2000, businesses will start picking up the pace of upgrades," said John Brown, research director of IDC's Worldwide Quarterly PC Tracker. "IDC expects the commercial market to show more robust growth this year than last, starting with a pickup in demand this quarter."
IDC believes Dell (DELL: news, msgs), Gateway (GTW: news, msgs), Hewlett-Packard (HWP: news, msgs), and Apple (AAPL: news, msgs) will benefit from this growth.
Despite the news, Apple shares lost 2 1/4 to 123 7/16 and Dell fell 1/4 to 46 1/2. Gateway was 13/16 lower at 64 11/16 and H-P fell 3/8 to 146 1/8.
Janet Haney is a reporter for CBS MarketWatch |
