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

To: rupert1 who wrote (77234)	2/1/2000 8:21:00 AM
From: Elwood P. Dowd	Respond to of 97611

Bloomberg is featuring the following news on it's tech news today. I lifted the article at the Zoo. El Compaq's 1999 Asia Sales Up 64% to Compaq's 1999 Asia Sales Up 64% to $2B by: francis_the_bull 2/1/00 2:52 am Msg: 138348 of 138369 By Linus Chua and Jane Lee Compaq's 1999 Asia Sales Up 64% to $2 Bln on Region's Recovery Singapore, Feb. 1 (Bloomberg) -- Compaq Computer Corp., the world's biggest maker of personal computers, said its 1999 sales in Asia excluding China and Japan rose 64 percent to more than $2 billion from a year ago, almost reaching sales attained in 1997, before a financial crisis hit Asia. ''This reflects a strong recovery we have seen in these countries,'' said Paul Chan, vice president and managing director of Compaq's Asia Pacific operations, who expects sales to surpass pre-crisis levels in 2000. In the fourth quarter, sales and shipments both rose 31 percent from the same period last year, led by gains in Korea, Indonesia and other Southeast Asian countries. Its Asia Pacific performance will enable the company to maintain its leading position in the region even as Compaq's worldwide sales were little changed last year because of strong competition from rivals such as Dell Computer Corp., which sells directly to consumers. Compaq also said by year-end 60 percent of its PCs for corporate customers in North America will be sold directly by the company, rather than through a distributor. The company now sells 85 percent of its PCs ''indirectly.'' However, Asia Pacific will lag behind the U.S. and Europe in direct sales, Chan said. ''In many of the countries, we still need (distributors) because of logistic challenges,'' he said. These countries include Indonesia and India. The company also cut down the time its inventory is held by distributors to two weeks from nine weeks two years ago in Asia Pacific, Chan said. It expects sales growth in Asia Pacific to outpace that of the overall PC market. The region makes up about 5 percent of Compaq's worldwide sales. Including China and Japan, Asia makes up one-tenth of overall sales. Compaq Chief Executive Michael Capellas said he expects global sales to increase 15 percent this year after rising 24 percent in 1999. Posted as a reply to: Msg 1 by YahooFinance View Replies to this Message Go to Msg #: < Previous \| Next > [ First \| Last \| Msg List ] Reply

To: rupert1 who wrote (77234)	2/1/2000 9:09:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

CNBC - Capellas Interview Author Wick Report Source Michael Capellas (Added 2/1/00 6:55:05 AM)Categories: CEO Interviews CPQ is #1 PC maker in the world. They are the third largest computer seller. Derives most of its sales from business customers. Products include: handheld portable systems, corporate servers and technology services. Top competitors: DELL, HWP & IBM. Market Cap: $46.6B High end of market healthy and half of business. Strong improvement sequentially. Consumer business is absolutely on fire and gaining share. They do need to drive their business to the next stage. Digital deal was not a bad idea. Margins are strong. Real key is getting the profit margins back up in their core PC business. They need to take more of business direct as global customers want to go direct. They think it is important to attack on multiple fronts. One of the things they believe will help in this competitive market is differentiation. They have new designs and products to do that. Enterprise Solutions growth rate is 14%. The market is moving in the direction of their traditional strengths.