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To: ms.smartest.person who wrote (1750)	7/29/2001 12:26:23 PM
From: ms.smartest.person	Respond to of 2248

Legend says China PC sales to stay strong REUTERS in Beijing Legend Group, China's biggest computer maker, believes demand for personal computers will stay strong in China despite slack growth in the global market, a company spokeswoman said on Friday. It predicts China's PC market will grow by 25-30 per cent for the next five to 10 years, said a spokeswoman for Legend Group, parent of Hong Kong-listed Legend Holdings. The firm expected the market in China would grow 30 per cent this year, indicating that PC sales in China sing to a different tune than the global market, where sales were falling, she said. Industry surveys show that during the second quarter of this year, global PC sales fell for the first time since 1986 on a year-on-year basis. Legend shipped 626,700 PCs in the second quarter, an increase of 1.9 per cent from the first quarter of this year and 44.5 per cent year on year, according to preliminary figures released by Massachusetts-based International Data Corp (IDC) on Thursday. Beijing-based Legend was the market share leader in the Asia-Pacific region excluding Japan, and its share increased slightly to 12.1 per cent, followed by IBM and Compaq Computer, IDC said. The numbers reported by IDC and those provided by Legend do not always match, company watchers said. Legend has not yet posted results for the quarter. Legend, whose shares have slipped on fears of slowing growth and intensifying competition on its home turf, closed 1.21 per cent higher on Friday at HK$4.175.