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Technology Stocks : FSII - The Worst is Over?

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To: Donald Wennerstrom who wrote (2011)6/15/1998 1:00:00 AM
From: Donald Wennerstrom  Read Replies (1) of 2754
 
Here is another input on how Asia did in the first three months of the year. In this story it says it will take 2 years for recovery.

(COMTEX) PC sales in Asia-Pacific fall 25 percent in first quarter:

SINGAPORE, June 15 (AFP) - Sales of personal computers in the
Asia-Pacific region plunged 25 percent from a year ago to 710 million
US dollars in the first three months of the year, Singapore daily the
Business Times reported Monday.

A survey released last week by IT markets analysis firm, Dataquest, of 10 markets in the region showed that only Singapore and China
registered positive revenue growth of 19 and 21 percent respectively,
the daily said.

"Government IT spending cuts began to bite and buying patterns shifted to lower-end systems," Bruce McCabe, Dataquest's Sydney-based senior analyst, told the Business Times.

He said full recovery of IT markets in the region would take at least
two more years.

Among the biggest falls in PC sales for the region were posted in
Indonesia, where PC revenues fall by 82 percent, Thailand by 62
percent, and South Korea by 46 percent, the report said.

Australia, China and South Korea account for two-thirds of the PC
market in Asia-Pacific.

International Data Corp. (IDC), another IT markets research group, has
forecast PC sales in the region to fall by 29 percent in the first
three months of the year from a year ago.

"Despite more severe declines in Indoensia and Thailand, Korea had the
greatest impact on the market's poor results," Brian Kornegay, IDC
senior market analyst, was quoted as saying.

"Korea, the region's second largest PC market for the last several
years, dropped to third place behind China and Australia," he said.

lp/akp
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