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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (170236)	7/18/2002 2:27:20 AM
From: calgal	Respond to of 176387

"Dell Computer (DELL) and Acer Inc. <2353.TW> bucked the trend, notching shipment gains of 5.4 percent and 33.3 percent, respectively." Europe/Mideast/Africa Q2 PC shipments drop 7/17/2002 7:00:19 PM LONDON, July 18 (Reuters) - Personal computer shipments in Europe, the Middle East and Africa fell in the second quarter against the same 2001 period, dashing widespread hopes that a recovery for the battered sector was at hand, according to a report on Thursday. The much-cited Gartner Dataquest PC Market report said PC shipments dropped 0.3 percent in the second quarter of 2002 to 8.617 million units. Gartner said the figures were preliminary, with the final data due out later this summer. The previous two quarters, traditionally stronger selling periods, had shown relative year-on-year growth, Garnter said. Western Europe, which accounts for 70 percent of the region's PC shipments, suffered its fifth successive year-on-year decline in quarterly sales. "The worsening decline of the Western European market has dragged down the performance of the overall region into negative territory," said Brian Gammage, a Gartner analyst. Demand for PCs continues to be weak among consumer and corporate customers, Gammage added. One bright spot is in the sale of mobile PCs like the Compaq (HPQ) Presario. While Western Europe remains in the doldrums, Eastern Europe, lead by Russia, continues to show sustained double-digit growth. Gammage said Russia achieved 40 percent quarterly growth. Of the top five PC manufacturers, three showed declines -- HP (which now includes Compaq sales), Fujitsu-Siemens and IBM (IBM). Dell Computer (DELL) and Acer Inc. <2353.TW> bucked the trend, notching shipment gains of 5.4 percent and 33.3 percent, respectively. Gammage said the PC market is on track to recover in the fourth quarter of 2002, but this will not represent the full-fledged recovery the industry was banking on. "It's later than many parties had hoped for," he said. The poor performance, he added, isn't likely to translate into lower PC prices for consumers either. Many PC and chip manufacturers slashed prices last year, on top of cutting production, to meet slower demand, a move they are not likely to repeat this year, he said. cbs.marketwatch.com