Mohan, thanks for the stats on India. When I posted my thoughts on China and India, I was hoping to get replies from people who had more knowledge of the economies of these countries than I, so thank you!
Re China/ed's post: I do understand what he was saying, re purchasing power in China. I also understand that China has modern cities, my only point was that the PC industry there is not an empty playing field, quite the opposite. That's not to say that CPQ can't compete, but that the competition is brutal, and right now razor thin margins are the order of the day. With the tremendous amount of small Chinese box assemblers/sellers, that is really similar to how the US was in the late 80's. I had a good friend who had a computer shop; he bought all components separately, ordered little decals to put on the box, and assembled/sold PCs from a very small storefront shop. It was a lucrative business. But what made him close the shop down was the support aspect. It really burned him out to have to "hold hands" with every newbie computer purchaser for months afterwards. This is where the big box builders shine; they have 24-hour support lines, and if some part needs replacement, they send out a technician. So the climate could swing to the big box builder's favor in China.
Re India:
Again, thanks for the stats, like A growing middle class who earns $30,000 or more annually,now stands at 100 million to 300 million.
I agree with you in re China and India being THE GROWTH economies of the next century, particularly in re PCs. I hope nobody got the idea I saw no hope for these economies; My comments were designed to address the next couple of QUARTERS, not the next couple of centuries. I am an option player, after all -VBG-. I go against Steve's advice, and play the 3-4 day stock moves. Oh yes, I did sell my CPQ call options on Thursday -G-.
Re the Royal Enfiled Bullet bikes: Looks interesting. I prefer Honda's though. I've owned a Honda 360cc, a Honda 500cc, a Honda 1100cc, and now a Honda 750cc. I'm a Honda man! -GG-
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