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

To: Captain Jack who wrote (90790)	4/20/2001 7:39:12 AM
From: tonyt	Read Replies (1) \| Respond to of 97611

Dell takes crown away from Compaq Global PC sales fall 2.8% in Q1, U.S. sales plunge 9.5% By Allen Wan, CBS.MarketWatch.com Last Update: 2:34 AM ET Apr 20, 2001 SAN JOSE, Calif. (CBS.MW) -- Dell Computer bested Compaq to become the worldwide leader in PC sales in the first quarter of 2001. Global PC shipments also grew by a modest 2.8 percent in the first quarter, while U.S. PC sales plunged 9.5 percent amid the market slowdown, according to a survey by market research firm International Data Corp (IDC). "After a cold holiday season in 2000, the U.S. consumer market hardened into a deep freeze going into the first quarter," said Roger Kay, research manager at IDC. "Those companies with greatest exposure to the U.S. consumer desktop business were most punished by the arctic market winds." Buyers turned cautious in the face of signs of deterioration, including capital spending cutbacks, layoffs, and a negative snowballing of drying up investment across all sectors of the economy. While some capital spending continued, reasons to buy in the commercial segments were few and weak, IDC said in a statement. "The slowdown still appears focused on the U.S. market, although other regions are by no means in the clear," said Loren Loverde, director of IDC's Worldwide Quarterly PC Tracker. "Businesses and consumers alike are holding back." Dell, which was already the leader in U.S. PC shipments, took up the global mantle in the first quarter with sales hitting 4.15 million units, up 30 percent from last year's levels. Its market share rose to 13.1 percent in the January to March quarter from last year's 10.4 percent. Dell (DELL: news, msgs, alerts) also posted strong growth of 28 percent in the United States, where it topped all computer makers with a market share of 24.2 percent. Its U.S. PC sales surged 28 percent to 2.54 million units. Compaq (CPQ: news, msgs, alerts) , which had been the global leader since the early 1990s, was the runner-up in both U.S. and global PC sales. Compaq's global shipments fell 4.7 percent to 3.8 million units, giving it a market share of 11.9 percent. Compaq's U.S. PC sales tumbled 20.2 percent to 1.51 million units in the first quarter, giving it a market share of 14.4 percent, down 1.9 percentage points from last year's comparable quarter. The only other big gainer besides Dell was IBM (IBM: news, msgs, alerts) , which took the 4th spot in global PC shipments with a market share of 6.3 percent on sales of two million units, up 6.8 percent from last year's levels. Its U.S. PC sales climbed 19.3 percent, putting it in the 5th spot domestically. Hewlett-Packard (HWP: news, msgs, alerts) ranked third globally and domestically. Fujitsu Siemens came in fifth worldwide. Gateway (GTW: news, msgs, alerts) was ranked 4th in the U.S. with an 8.8 percent market share. Allen Wan is a news editor for CBS.MarketWatch.com in New York