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

To: BillHoo who wrote (73289)	12/5/1999 11:21:00 PM
From: Captain Jack	Respond to of 97611

Yep-- too big to fold overnight,,, but they do not need to hurry.. SINGAPORE, Dec 6 (Reuters) - Spending on servers in Asia excluding Japan jumped 30 percent on year in the third quarter of 1999, market research firm International Data Corporation (IDC) said on Monday. IDC said third-quarter server sales were down eight percent from the previous quarter, and spending was expected to slow in the fourth quarter as customers delayed purchases until after the year-end crossover. "A strong turnaround in most economies, coupled with delayed Y2K spending, helped grow server revenue in Q3 '99," said IDC Asia-Pacific Server Research Manager Avneesh Saxena. "We expect to see some slowdown in Q4 99 as customers postpone their non-Y2K purchases until after the millennium." South Korea posted 88 percent annual growth in server spending in the third quarter, reclaiming its pre-crisis position as the largest server market in the region. IDC had said in September that server spending might drop in the second half as more companies completed first-half preparations to meet Y2K compliancy needs. But economic improvement in Indonesia, Malaysia and India boosted sentiment and released pent-up server demand, IDC said. Server spending in Indonesia and Malaysia, respectively, soared over 100 percent on year in the third quarter, while India posted 50 percent growth over the same period. The top four markets of Korea, China, Australia and Taiwan dominated the rest of the region, holding a 70 percent market share, or about $780 million of total sales of $1.1 billion. Among server vendors, IDC said the top four vendors - IBM <IBM.N>, Hewlett-Packard Co. <HWP.N>, Compaq Computer Corp <CPQ.N> and Sun Microsystems Inc <SUNW.O> - were responsible for about 80 percent, or about $867 million, of total revenue. IBM led the market with over 26 percent of total revenue, but the share declined seven percentage points from the second quarter as spending on high-end servers plunged. ((Singapore newsroom, (65) 870-3081; Fax (65) 776-8112, Email: singapore.newsroom@reuters.com))