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

To: ratan lal who wrote (85614)	12/16/1998 10:30:00 AM
From: Dalin	Respond to of 176387

Ot********** Yeah the safe haven during these volatile times? EBAY and AMZN. (ggggg) D.

To: ratan lal who wrote (85614)	12/16/1998 10:46:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

IT Services Spending to Fuel Singapore Growth in '99: Gartner Good news Ratan: What you say seems to be true but DELL is all the Nut I need for right now,oh wait a minute I got some CISCO too,I believe these two are the cream of iNUTS.<g> Take a look at the last 2 paragraphs. =========================================================== December 16, 1998 (SINGAPORE) -- End-user IT spending in Asia (excluding Japan) is forecast to grow about 14 percent to US$45.1 billion in 1999, and it will fuel growth in Singapore, the Gartner Group said in a presentation in Singapore. The 14 percent growth compares with the 7.5 percent contraction expected for the full year 1998. Key executives showed last week that end-user spending in Southeast Asia alone, with the exception of the Philippines, is forecast to grow 8.8 percent to US$4.0 billion next year after a projected fall of about 17 percent for the current year. In releasing a report on the "IT Industry Scenario" last week, the U.S.-based research group said that while the regional economic slowdown has cut IT spending this year, the implementation of the European Monetary Union and the Y2K issue "will cause massive enterprise disruption and dislocation" over the next year. The report showed that the IT services market segment in the Asian region will register a growth rate of about 25 percent to US$21.2 billion next year after growing a forecast 21 percent in 1998. This will be the biggest growth segment in end-user IT spending in 1999. Similarly, in Southeast Asia, IT spending is forecast to rise 12 percent to US$1.1 billion after falling about 7.1 percent in 1998, according to the group's projections. The key reasons for the projected growth in IT services will be because organizations will be faced with increasing global market competition at a time when markets are beginning to open. "Driven by an increasingly competitive marketplace and enabled by decreasing unit costs of basic technologies, IT is rapidly expanding from a back-room resource providing competitive advantage to a front-office resource that is a competitive necessity and essential for survival of the enterprise," said Rolf Jester, principal analyst at the group. To achieve this tighter integration, companies would require most IT services to achieve the local and regional competitiveness, he added. Compared with end-user spending in most other segments of the IT industry, demand for IT services in the region hasn't been that badly affected. This segment, which excludes hardware and software products, has continued to be robust largely because of demand for Y2K conversion services and enterprise resource planning, said another company executive. One of the fastest growing domestic markets for IT services will be in China, said Gartner, adding that growth rates for end-user spending could average 50-55 percent over the next five years. However, the high growth rate will come from a relatively small base, they added. The company also added that other equally attractive market for high end-user IT services spending will be Australia, China and Singapore. End users are expected to boost India's IT services market by 65 percent over the next five years with one-third of it being driven by the export business, the company said. The group also showed that, after IT services, end users' next biggest spending will be in PCs. This spending will rise about 18 percent to about US$18 billion in 1999, after contracting 5.4 percent in 1998. Desktop PCs will be the main item on end user buying list and it will take another 4-5 years before thin-client, network computers emerge as a major item, the group said. End-user spending for PCs in southeast Asia is expected to rise 17 percent to US$2.14 billion next year compared with the 36 percent contraction expected to be registered in 1998, said the company. (Joseph Rajendran, Asia BizTech Correspondent)