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

To: zalesky who wrote (30240)	8/2/1998 8:30:00 PM
From: fff	Read Replies (1) \| Respond to of 97611

According to this:CPQ is #1 with additional growth due to DEC. Yet I do not think cpq will be trading at 60. Is that the target for cpq? I do belive cpq may have better growth going forward. It is having difficult time getting passed 35. -Flora European PC sales rose 17.8 pct in Q2 1998 - IDC FRANKFURT, July 25 (Reuters) - European PC sales continued expanding at a high rate in the second quarter of 1998, rising 17.8 percent behind solid gains by Compaq Computer Corp and Dell Computer Corp , according to market researcher International Data Corp. Unit sales in Europe, the Middle East and Africa totalled 6.5 million personal computers, versus 5.2 million in the second quarter of 1997, IDC said. But while unit volumes are rising, sales in value terms remained pressured by the industry's aggressive price-cutting. "Despite a thriving market in volume terms, vendors are really beginning to feel the pinch from lower margins," said Ian Derbyshire, manager of IDC's PC tracking programme in London. "This is favouring the major players, due to economies of scale, something which is reflected in the continued consolidation in the market," he said. IDC did not provide estimates on second quarter PC revenues. Previously IDC reported European PC sales rose 21 percent in the first quarter of 1998. The second quarter rise came against weaker markets in Russia and other eastern and central European countries, IDC said. Compaq remained the region's largest supplier, and gained from its acquisition of Digital Equipment Corp. Its second quarter unit shipments rose 28.6 percent to 1.05 million PCs, giving the company 17 percent of the European market. Dell vaulted to the number two position, as its unit sales soared 81 percent to 479,924 PCs, for a 7.8 percent share of the market. In the year-ago quarter, Dell ranked number five in market share with 5.1 percent. IBM Corp was one behind Dell with 452,742 units sold, up 9.3 percent, for market share of a 7.4 percent. Hewlett-Packard Co was fourth with 370,168 units as its growth slowed to 8.9 percent. Its market share was six percent. The top five was rounded out by Germany, Siemens Nixdorf Informationssysteme AG, whose unit sales climbed 34.5 percent to 338,565, for a 5.5 percent share of the market. The unit of Siemens AG displaced another German firm, Vobis Microcomputer AG, in the fifth position. Both German groups underwent major changes in the quarter. Siemens sold off its PC manufacturing to Taiwan's Acer Inc, and combined most of Siemens Nixdorf into with its communications businesses. Vobis was sold by retail group Metro AG to CHS Electronics Inc of the United States