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Technology Stocks : Dell Technologies Inc.
DELL 138.940.0%Dec 5 9:30 AM EST

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To: stockman_scott who wrote (76231)11/2/1998 7:48:00 PM
From: Mohan Marette  Read Replies (1) of 176387
 
Dell-Officially open for business in China-News from Bejing.

scott:
Guess we are in business in China now, officially that is.Looking good.

Posted: Nov. 2, 1998

BEIJING -- Dell Computer Corp. has officially opened it sales and manufacturing plant in the southeastern Chinese city of Xiamen, the company announced Monday.

The Xiamen plant will make Dell's OptiPlex desktop computers, Latitude notebooks and PowerEdge servers for the China market.

The official opening of the Xiamen site follows Dell's August launch of direct sales in nine cities in China, including Beijing, Shanghai, Guangzhou and Xiamen. Dell has also begun to sell its computers over the Internet in China on a Chinese and English-language Web site.

The company's sales in China have been directed mainly at government organizations, large institutions and multinational companies.

Dell's Asia-Pacific president, John Legere, said sales in China were encouraging, but did not give figures.

Overall PC sales in China are expected to grow to 10.6 million by 2000 from 4 million currently, he said.

"This year, we're less than a $100 million business in China, but we're very confident over the next five years that in China we will have a compounded growth rate in excess of 100 percent," he said.


Dell's current share of the global PC market ranks second behind Compaq Computer Corp. But to maintain its position the company has to capture a greater share of the market in Asia and China plays a big part in that, Legere added.

Dell has only 2 percent of the Asia-Pacific PC market and ranks ninth in terms of market share for the region, Legere said.

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