Compaq Computer's Asia Sales to Be Lower Than It Expected
Bloomberg News
September 22, 1998, 2:56 a.m. PT
Compaq Computer's Asia Sales to Be Lower Than It Expected
Singapore, Sept. 22 (Bloomberg) -- Compaq Computer Corp.,
the world's biggest maker of personal computers, said its sales
from Asia this year will be lower than it had earlier expected
because of the region's currency and debt crisis.
Paul Chan, vice president and managing director of Compaq
Computer Asia/Pacific Pte., said his company's regional sales
will be ''off'' from its target and the number of units sold will
be little changed from a year ago. He declined to disclose
Compaq's sales target or its sales from last year.
''No company can avoid the storms that are going on all
around us, so we did in fact take a reduction in some of our
targets,'' Chan said. ''That's the only realistic thing to do.''
This comes two months after Chan said Compaq would revise
sales targets for the region amid the economic crisis and a
global slowdown in personal computer sales. Asia accounts for
about 5 percent of the company's revenue.
Compaq, however, is still investing in Asia. Chan said the
company would spend $15 million over five years to build a sales
network to sell computers over the Internet in the region.
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