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

To: marquis103 who wrote (30334)	8/5/1998 9:13:00 AM
From: Jason Hall	Respond to of 97611

Compaq sees growth in Europe By Reuters Special to CNET NEWS.COM August 5, 1998, 5:20 a.m. PT FRANKFURT--Compaq Computer said today that it expected European PC demand to remain firm in the second half of 1998, with growth rates in the region topping those in North America and Asia. "Overall we see very strong growth in the last two quarters of the year," said Werner Koepf, vice president of Compaq's general business group for Europe, the Middle East, and Africa. Koepf, in an interview with Reuters, also predicted the company would continue to expand in Europe at rates above the market average. "We grew much faster than the market in the second quarter. We are in a very good position," he said. According to market researcher Dataquest, European PC unit sales increased 19.5 percent in the quarter, compared to a 12 percent rise in the United States. Dataquest said Compaq's second-quarter shipments to European distributors rose 26 percent and gave the computer maker a market share of 15.5 percent. Dell Computer passed IBM to take second place in market share. The direct marketer's sales increased 79 percent from the first quarter, while IBM saw only a 9 percent rise, according to Dataquest. Hewlett-Packard and Siemens rounded out Europe's top five vendors. But Compaq said its unit shipment total was dampened by efforts to reduce distributor inventories, and that units sold to end customers were significantly higher. "If you take end user sales in the second quarter, we have been growing at twice the market rate--at over 40 percent," Koepf said. Compaq began the year with about 8 weeks of inventory in the distributor channel, but cut that to 3.5 weeks at the end of June. "We are still trying to reduce it, but we are pretty happy," Koepf said. Koepf said Compaq was also beginning to see growth stemming from its recently completed takeover of Digital Equipment. "Digital would add about two points of market share," he said. "In July the PC business for Compaq was extremely high, so I believe we are seeing customers switch over from Digital branded products to Compaq." Koepf said the economic revival in Germany, France, and other key European economies was driving PC demand in the region. In Scandinavia, special offers to encourage employees at many large companies to buy PCs continued to spark growth rates of 70 percent or more. "The economy is going very well and there are some purchasing incentives in some countries that are really helping demand," Koepf said. "We expect Europe, the Middle East, and Africa to lead worldwide growth."

To: marquis103 who wrote (30334)	8/5/1998 9:19:00 AM
From: Bipin Prasad	Read Replies (1) \| Respond to of 97611

wsj:European PC Sales Continue to Surge; Market Grew 19.5% in Second Quarter By MATTHEW ROSE Staff Reporter of THE WALL STREET JOURNAL LONDON -- Europe continues to be the main engine of growth for the personal-computer industry, according to second-quarter figures from Dataquest, a market-research unit of U.S.-based Gartner Group...... ...... Compaq Gains Market Share Compaq, which recorded its highest-ever European market share of 15.5%, said the latest data misleadingly counts the company's throttled-back sales to its distributors, rather than their shipments to end customers. Compaq pared shipments by a month's worth of sales in the second quarter to reduce inventory, but estimated that European "sales out" to end-users were actually up 40% from the year-earlier period, compared with 26% gross unit sales to distributors. Including that difference, "we increased our market share considerably," said Andreas Barth, general manager of Compaq in Europe...... later, InSook

To: marquis103 who wrote (30334)	8/5/1998 11:35:00 AM
From: Sueponine	Read Replies (1) \| Respond to of 97611

As you say. I pay none, not one iota of attention to any analyst save for Abbey Joseph Cohen. Thanks for that piece of information. Later. Sueponine.

To: marquis103 who wrote (30334)	8/14/1998 8:48:00 PM
From: marquis103	Read Replies (1) \| Respond to of 97611

Acompora on Rukeyser's show. When asked about his recent remarks, he said that he had predicted that the first half of the year would be strong, and that the second half would be weak. He said he "called this downturn eight months ago". When asked the difference between last Monday and Tuesday, he said that on a TV show Monday, the dow was only down 25 and breadth was okay. Late in the same day the market was dropping, and the blue chips were under pressure. He referred to it as a stealth bear market. He expects downside to 7400 to 7600 Frank Cappiello. Bullish long term. Re-stated that the broad market has been in a Bear market for awhile. Recommends to "Upgrade portfolio". Mentioned banking stocks, T.Rowe price.