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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: rudedog who wrote (66829)	8/20/1999 9:43:00 PM
From: Elwood P. Dowd	Respond to of 97611

Friday August 20, 9:12 pm Eastern Time-Latin American PC market rises 19% SAN JOSE, Calif. Aug. 20 (Reuters) - Shipments of personal computers in Latin America rose 19 percent in the second quarter versus the same period a year earlier, driven by declines in costs and paced by strong growth in Mexico, consulting firm Dataquest Inc. said on Friday. Dataquest, a unit of the Gartner Group Inc. (NYSE:IT - news), said shipments in Mexico rose 68 percent over a year earlier to more than 290,000 units, making it the No. 2 market in the region. Brazil was the No. 1 market in the region with shipments surpassing 305,000 units, up 4 percent over the second quarter of 1998. Argentina was No. 3, with shipments up about 5 percent to nearly 100,000 units. Colombia, Peru, and Venezuela experienced shipment declines in excess of 13 percent. Total Latin American shipments rose 19 percent to 998,674 from 840,081 a year earlier, Dataquest said. Desktop computers grew 20 percent in the quarter, while notebook computer shipments rose 10 percent. Among PC makers, Compaq Computer Corp. (NYSE:CPQ - news) increased its lead over its rivals as its market share rose to 23.6 percent from 19.2 percent on shipments of 235,535 computers. International Business Machines Corp. (NYSE:IBM - news), the No. 2 vendor in the region, shipped 87,361 computers, but its market share declined to 8.7 percent from 10.1 percent. ''Driven by an aggressive price and services strategy, Compaq dramatically increased sales in the region, as its market share was 15 points higher than the No. 2 vendor,'' said Luis Anavitarte, senior industry analyst for Dataquest's Personal Computer Quarterly Statistics Latin America program. More Quotes and News: Compaq Computer Corp (NYSE:CPQ - news) Gartner Group Inc (NYSE:IT - news) International Business Machines Corp (NYSE:IBM - news) Related News Categories: US Market News Help Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reut