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

To: PCSS who wrote (87024)	11/21/2000 1:01:15 PM
From: Piotr Koziol	Respond to of 97611

Compaq's Asia sales up 41 percent By Bloomberg News November 21, 2000, 9:40 a.m. PT SINGAPORE--Compaq Computer, the world's No. 1 personal computer maker, said its third-quarter revenue from Asia Pacific expanded 41 percent, putting it on track as one of the company's fastest growing regions. The increase came from more sales of high-powered computers to run Internet sites, Compaq said. Compaq's Asia Pacific region, which excludes Japan and Greater China, made up about 6 percent of the company's $11.2 billion sales for the three months ended September. "That growth is propelled by very strong build up of the Internet infrastructure particularly in Korea, India and in some Southeast Asian countries," said Paul Chan, Compaq's Asia Pacific managing director. Compaq's sales gain from companies that need more powerful server computers to run the Internet become key as the number of online users expands in the region. Market researcher IDC predicts online users in Asia outside of Japan to increase 34 percent each year to reach 95 million in 2004. The increase in sales also tops out Compaq's 12 percent to 14 percent gain in the first two quarters this year, one of the slowest-expanding international markets for the Houston-based company.