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

To: JDN who wrote (79611)	3/16/2000 6:53:00 AM
From: marquis103	Respond to of 97611

Tech Headlines Thursday March 16 4:05 AM ET Compaq Expects Boom in South Asia E-Commerce COLOMBO, Sri Lanka (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) said on Thursday it saw strong potential from business related to electronic commerce in South Asia, because of the region's large population and economic growth prospects. ``There is a lot of potential for e-economy in South Asia. We hope to be early in the market to position ourselves in preparation for phenomenal growth,' Andy Chan, managing director Compaq South Asia, told a news conference. ``The critical mass is there (in South Asia) and it is only a fact of when it's going to happen, not whether,' he said. Chan said he was confident South Asia would see growth rates which equaled global trends. Demand for Internet access globally is expected to grow to the value of around $1.3 trillion in 2003 from around $100 billion now. Chan said South Asia's large population would ``drive the success in business to consumer e-commerce growth'. Business-to-business e-commerce operations would also pick up in the region, with increasing economic growth and foreign fund flows, Chan said. ``We will provide outsource management, be the solution architects and strategize businesses while providing the hardware,' Chan said. South Asia is home to some 1.3 billion people. Edwin Huang, Compaq's director for e-commerce and Internet products and services, said Compaq will also utilize the Internet to strengthen its channel partners. Huang said, however, poor supporting infrastructure, high connectivity costs and apprehensions about trade on-line were constraints to growth. Chan also said more support was needed from governments ``to promote Internet products on the net.'