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

To: JDN who wrote (73384)	12/7/1999 3:31:00 PM
From: Elwood P. Dowd	Respond to of 97611

IDC predicts 17 percent PC growth By Janet Haney, CBS MarketWatch Last Update: 3:21 PM ET Dec 7, 1999 Silicon Stocks Hardware Report FRAMINGHAM, Mass. (CBS.MW) -- International Data Corp. said Tuesday it foresees unit volume in the worldwide PC market increasing 17 percent year-over-year, revised slightly from the research firm's previous prediction of 20 percent growth. IDC also projects shipments to grow 15.8 percent from the third quarter 1999. "The availability of graphic chips, chipsets, and memory has tightened due to the [Sept. 21 Taiwan earthquake], which IDC believes has put some constraint on PC supply," said John Brown, research director of IDC's worldwide quarterly PC tracker. "But a strong, year-on-year global Q4 consumer PC growth rate of 25.7 percent will keep global PC demand high." IDC said Dell, Gateway, Hewlett-Packard, and Apple appear to have the "right stuff" for growth this quarter. Apple Computer (AAPL: news, msgs) was flat at 116, while Dell (DELL: news, msgs) advanced 11/16 to 45 7/16. Gateway (GTW: news, msgs) dropped 3 9/16 to 67 9/16 and H-P (HWP: news, msgs) gained 1 95/256 to 106 1/16. Compaq (CPQ: news, msgs) was lower at 26 7/16. IBM's (IBM: news, msgs) gain of 1.4 percent was helped by a price target increase from SoundView Technology Group. Analyst Gary Helmig upped his outlook to $140 from $110 and reiterated his "buy" rating on the tech giant. Japan set the biggest geographic rebound this year, IDC said. Additionally, in the United States, IDC predicts fourth-quarter growth to reach 12.9 percent as a result of a strong year-earlier quarter, PC supply issues related to the Taiwan quake and some reduction in corporate demand due to Y2K issues. For 1999, the United States is expected to greet PC growth of 23.5 percent vs. 1998. Janet Haney is a reporter for CBS MarketWatch.