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

To: Windseye who wrote (29519)	7/19/1998 6:24:00 PM
From: Weekapaug	Respond to of 97611

Here's the article. SINGAPORE (AP) -- U.S. computer giant Compaq expects continued profitability in crisis-ridden Asia but will cut costs in its regional operations nonetheless, The Sunday Times reported. Paul Chan, Compaq's Asia-Pacific vice president and managing director, said Friday the company plans to cut inventory and introduce more value-added products to ensure profitability in the region, according to the newspaper. Chan stressed the need to ensure proper inventory levels by improving efficiency in the company's supply network. Compaq's second-quarter sales in Asia-Pacific dipped 15 percent from the previous quarter, the report said. The company noted sales in Indonesia fell sharply because of the recent social and political unrest there. ''The Indonesian crisis has affected our volumes dramatically,'' Chan said. ''In 1996, it looked as if Indonesia was going to be a fairly large market for us, but then came the crisis.'' ''Demand (there) is still good, but the credit is not,'' he added. computers for shipment to customers.