I thought Legend was going with AMD for their low-cost PCs. It looks like they'll at least share the spotlight with Intel.
joey
Wednesday December 17 10:18 AM EST
China's Legend Announces New Low-price Computer
BEIJING (Reuters) - China's Legend Computer Group said today it is launching a new low-price
desktop PC in the hope of fending off competition from imports.
The new Benyue model desktop, priced at $1,204, would be equipped with an Intel Pentium II
processor and a 2-gigabyte hard drive, Legend vice-president Yang Yuanqing told a news briefing.
The announcement comes amid fierce competition between domestic and foreign PC makers eager
to grab a larger chunk of China's fast-growing computer market, which is expected to expand by
more than 40 percent this year.
Industry experts say they expect three million computers to be sold in China in 1997, rising to 10
million by the year 2000.
Many foreign manufacturers were offering desktop PCs abroad at around $1,000, but China's 15
percent import tariff and 17 percent value-added tax meant imports actually cost Chinese
consumers much more, Yang said.
A company statement said this was an overall price reduction, but gave no comparative figures.
Domestically produced computers boosted their market share to nearly 60 percent in the first half of
1997, up from about 55 percent a year earlier and just 35 percent in 1995, earlier figures show.
Legend's overall computer sales were expected to total about 400,000 units this year, said Dai
Jingtong, an official with the company's marketing department.
The company notched up sales of $900 million in fiscal 1996, and had a market share of about 10
percent, earlier figures show.
Legend is the parent of Hong Kong-listed firm Legend Holdings. |
