Read the following:....CPQ's inventory problems are over and sales are booming. We have seen the last of the 20's........until the next split that is........
Taipei, July 8 (Bloomberg) -- Inventec Co., which makes personal computers for Compaq Computer Corp., said sales rose 17.5 percent in June to a 1998 high.
Sales climbed to NT$4.1 billion ($119 million) from NT$3.49 billion in May and were up 12 percent from June 1997, the Taiwan company said.
Our customer demanded more last month, and it seems like our shipments will continue to grow in this quarter,'' said a finance official at the company who asked not to be named.
In the first half of the year, sales fell 12.7 percent to NT$20.4 billion, or two fifths of the company's 1998 forecast, it said.
Some fund managers expect Inventec's sales will grow between 50 percent and 80 percent in the second half from the first half, reflecting rising demand ahead of the start of the Christmas buying season.
Investors are bullish about Inventec,'' said Tom Hu, a fund manager at Taiwan Securities Investment Co. with NT$25.8 billion in assets. ''It's shipping new models to Compaq and is set to make servers and workstations for the client.''
Inventec has said it plans to ship as many as 900,000 computers to Compaq this year, up 50 perent on year. About 60 percent of this year's delivery is scheduled between July and December.
Today, the stock rose NT$3 to NT$123.50 on trading of 24.2 million shares, making Inventec the sixth-most active stock by value in Taipei.
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