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

To: Jimbo Cobb who wrote (53287)	3/14/1999 12:18:00 AM
From: Captain Jack	Respond to of 97611

info--- EIJING (March 14) XINHUA - Computer sales in China are expected to recover this year after a decline in 1998, according to today's Business Weekly. The computer market would rise 13.2 percent to 175 billion yuan (21.1 billion U.S.dollars) this year and go up a further 20 percent in 2000, the Center of Computer and Microelectronics Industry Development (CCID) of the Ministry of Information predicted. China's computer industry witnessed a dramatic drop in sales growth last year, from 27.4 percent to 13.9 percent, according to CCID's latest report. The hardware sector suffered a drop in sales growth from 24.4 percent to 11.1 percent. Personal computer sales grew 16.6 percent, compared to 66.7 percent in 1997. Liu Chunlu, vice-director of CCID, attributed the decline in growth to radical administrative restructuring and reforms of state enterprises last year. "Group purchasing has been the top factor in the domestic computer market, but the situation abruptly changed last year," said Liu. The weak domestic demand also resulted in falling imports of computer-related products in 1998. CCID's report said imports dropped 39.2 percent to 2.69 billion dollars last year. However, the software business achieved growth of 23.2 percent. Sales by the information service sector also grew 26.4 percent, the report said. The leading domestic personal computer manufacturers began to enter the software development sector last year. Legend Group was typical of this drive. The company poured 9 million dollars into King Sun Software last year while conducting co-operative software projects with IMB, Oracle, Lotus and Computer Associates. The software sector could expect rapid development this year after gaining strong government support in terms of policies and finance, an insider said. Wang Lidong, a senior analyst at CCID, suggested the personal computer makers should focus on family users this year since group purchasing is unlikely to recover to its previous level in the short term. Enditem 14/03/99 04:38 GMT