2001
1/30/01 9:30 AM
Source:Bloomberg News
Sao Paulo, Jan. 30 (Bloomberg) -- Compaq Computer Corp.'s Brazilian unit plans to invest up to $45
million in Brazil this year in marketing, workers' training and research.
The planned investment represents an increase of nearly 68 percent from the $27 million spent last
year in the country, said Emilio Umeoka, president of the Brazilian subsidiary.
Compaq's revenue in Brazil grew 63 percent last year compared with
an increase of 12 percent in 1999 and a rise of 24 percent in revenue
in Latin America.
The company does not disclose specific earnings for Brazil.
Worldwide, Compaq had $42.4 billion in revenue last year, or 10
percent more than in 1999.
''Brazil was the most important country in Latin America and is now
among the 12 most important subsidiaries of Compaq in the world,''
Said Umeoka. Revenue in 2000 was boosted by the ''increasing
utilization of the Internet that led to higher sales of personal
computers,'' he said.
Compaq entered Brazil in 1994, producing desktops, notebooks and
server computers that process large amounts of information for
businesses and universities. |
