Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kemble s. matter who wrote (60786)	8/25/1998 8:43:00 PM
From: Mazman	Read Replies (1) \| Respond to of 176387

Kemble, Since I know how the mere mention of the word China gets you salivating, thinking of all those millions of potential Dell customers, you should definitely read the story entitled "Mr Grove Goes to China" in the August 17th issue of Fortune. Great discussion of China's potential as a high-tech, PC-consuming market. If you haven't already read it, here are a few choice excerpts ... ... "Last year customers in China bought about three million PCs, 44% more than in 1996, according to International Data Corp ... IDC predicts that the Chinese market will grow 29% a year through 2002, when PC sales will reach 11 million. China would then be in a dead heat with Japan as the world's No. 2 PC market, trailing only the US. Last year China was No. 6. The Chinese are taking to computing both at home and at work. Says Xiao Jianguo, a Beijing University professor and a top exec at Founder Software: "The PC is the hottest product in China. After people have a TV, a washing machine, and a refrigerator, the PC is the next thing they want." In major cities like Beijing, Shanghai, and Guangzhou, surveys find that about 10% of families own PCs.. Consumers are feeding their hunger for PCs despite relatively low incomes. China has one of the world's highest savings rates -- around 40% -- so even though a PC can cost half a year's pay, people pony up. According to an Intel poll, 50 million Chinese consumers without PCs believe the devices are both desirable and affordable. That's almost one-third of the 160 million such potential PC buyers worldwide... Such numbers even get me wanting to buy more Dell. Regards, mazman