steve
Found in my mail box. Maybe you are familar with HuiCong Group, but they are news to me. Bet Wall Street doesn't know about them either.
Night Writer
Advanced Forecasting-HuiCong Sees Sales of PCs in China to Surpass Three Million
Date: 97-11-04 08:37:13 EST
CUPERTINO, Calif.--(BUSINESS WIRE)--Nov. 4, 1997--"Do not lump
China with other countries in the region, with regards to high
technology expectations."
This is the main message from Advanced Forecasting-HuiCong,
following the recent economic faltering in Asia. China is a key
manufacturing center for many Silicon Valley companies.
The midyear report on Desktop PCs, published Advanced
Forecasting-HuiCong, predicts sales of PCs in Mainland China will
surpass three million units throughout 1997. "This is only the
beginning of exponential growth in the local consumption of PCs in
China." According to the company's analysts in Beijing: "China's
share of the worldwide market will grow from 2.8% in 1996 to 3.9% in
1997. This share will increase at a faster pace in the next three
years."
The analysts name cheap labor costs in China as one of several
reasons for the current and future exploding growth in local demand
for PCs. They also explain why China will be able to maintain a
labor advantage while other countries in the region falter. The
report analyzes and forecasts the sales figures of desktop, notebook
and server PCs, the microprocessors used and street prices and
advertising budgets of the top vendors. One of the highlights is a
ranking of the top PC vendors in China. IBM and Compaq no longer
occupy first place as they did in 1994 and 1995. Legend has captured
more than 10% of the local market.
The Company and Services
Advanced-Forecasting-HuiCong (AFHC), a joint venture of Advanced
Forecasting, Inc. and the The HuiCong Group, is aimed at providing
the most accurate and comprehensive information and analysis
services of China's electronics markets and industries. The joint
venture is an answer to growing demand for enhancement of clients'
strategic decision-making and market development in the largest of
Asian nations, for which accurate information has been scarce.
AFHC will assist clients in building and maintaining their
competitive advantage through ongoing awareness of products, price,
distribution, promotion, competition and customer needs in the
unique Chinese market. AFHC combines the quantitative forecasting
techniques of Advanced Forecasting (Cupertino, California), with
statistically representative data-collection and analysis
capabilities of Beijing-based HuiCong, which is the leading source
of information for high tech and automotive market research in
China.
The joint venture offers an unparalleled database on sales of
various high tech and other products in China, a product quotation
system, and a program that monitors and surveys end-user perception
of major brands and products by interviews and feedback via toll free
hotlines.
The HuiCong Group, established in 1992, currently owns more than
40 subsidiaries with more than 1,800 employees throughout China.
They conduct 500,000 plus end-user surveys annually, of users who
attend seminars and computer shows, organized by HC in 20
cities. Nearly 50,000 callers contact HC yearly for reseller
contact, brand and pricing information.
The aforementioned services are exclusive to HuiCong.
The Company also specializes in consulting services in long
term investment opportunities in China:
-- identifying growth markets
-- evaluating competition
-- penetrating the Chinese market, including identification and
introduction to local distributors
-- selection of the most effective and popular trade journals and
newspapers
-- analysis to optimize advertising return on budget, copy and
script
-- first-hand knowledge of governmental policy, including tax and
labor issues
-- creating local partnerships and global alliances
-- banking, service and insurance industry assistance
-- expertise on manufacturing in China
In terms of market research services, AFHC offers monthly,
quarterly and semi-annual reports on desktop and notebook PCs,
servers, printers, monitors, scanners, UPS power supplies, network
cards, line concentrators, routers, software, copy machines, modem
cards, fax machines and internet/intranet development, as well as
customized high tech research. Contact Advanced Forecasting for
sample reports and pricing.
AFI
Advanced Forecasting, Inc., an 11 year old Silicon Valley
semiconductor forecasting firm, provides more than 150
semiconductor, semiconductor equipment and materials manufacturers,
components vendors and investors with quantitative forecasts and
exclusive Advanced IC Bookings Turning Point Alerts, so that
executives are forewarned of downturns and can facilitate fast and
appropriate action. Detailed information is available at Advanced
Forecasting's web site: adv-forecast.com, or call AFI at
408/725-2964.
Since 1987, AFI has provided accurate and quantitative
forecasting and data analysis services for the semiconductor and
related industries. Results of AFI's forecasting models have proved
to be the most accurate monthly forecasts in the industry. AFI does
not change its forecasts retroactively.
--30--JSJ/sf* cmf/sf
CONTACT:
Advanced Forecasting
Moshe Handelsman, 408/725-2964 |
