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Technology Stocks : Compaq

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To: rudedog who wrote (35334)10/25/1998 8:38:00 PM
From: Elwood P. Dowd  Read Replies (1) of 97611
 
PC shipments grew 13.7 percent in third quarter

Last Update: 8:27 PM ET Oct 25, 1998

SAN JOSE, Calif (AP) - Despite a struggling global economy, more than 22.6
million personal computers were shipped worldwide in the third quarter of
1998 - a jump of 13.7 percent over the same period last year.

"Though some regions of the world continue to
confirm the dampening effects of the financial turmoil
in Asia and the Pacific, worldwide personal computer
unit growth remains healthy," said Bill Schaub, vice
president of Dataquest Inc. in San Jose.

In the United States, 9.5 million computers were
shipped, up 18.2 percent from the year-ago period,
said Dataquest.

Western Europe reported strong growth based on a
growing low-cost PC market and a strong economy,
said International Data Corp., based in Framingham,
Mass.

Economic woes in Russia and the southeastern Asia
markets countered the strong western European
growth, though a positive growth rate in the Japanese
market showed signs of a revival in consumer
demand, said IDC.

Market data from IDC shows that although Compaq
(CPQ) remains the number one vendor in the world, its growth in the United
States slipped 8 percent to just 15.8 percent of the market. Meanwhile, Dell
(DELL) is growing rapidly, up 65 percent to take 14.1 percent of the U.S.
market.

IBM (IBM) clinched the No. 3 position for the United States with 34 percent
growth, and Hewlett-Packard (HWP) and Gateway (GTW) rounded out the
top five.
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