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

To: Eggolas Moria who wrote (111587)	3/24/1999 11:55:00 AM
From: Mohan Marette	Respond to of 176387

Yeah forget about Kitty Fuk or Fok or whatever,Dell is growing 50% a month in China. Dell's China Sales (WSJ, 3/5/99) Dell's China Computer Sales Seen Reaching $1B In 3 Yrs-Exec By Jon E. Hilsenrath HONG KONG (Dow Jones)-- Sales of Dell Computer Corp.'s (DELL) computers could reach $1 billion in China within three years, said John Legere, Dell's President for the Asia Pacific Region, in an interview with Dow Jones Newswires. In the six months after it opened a new plant and applied its direct sales approach to China, sales have grown at a 50% monthly rate, Legere said. He added that Dell finished the year selling at an annual rate of more than $100 million. "I expect to break the billion dollar mark in China within three years," he said. "We're ahead of plan." He added that the company was profitable in China in the fourth quarter of its fiscal year ended January 1999, and was able to keep its inventory levels tighter than expected. The company began production in Xiamen, China in August, and now sells directly to corporate customers in 15 major cities and 80 smaller markets in the country. Dell had previously used dealers for its sales. The company also has production facilities in Penang, Malaysia. The company is still a relatively small player in the Chinese market, with a 1.2% market share, ranking it eighth among domestic and foreign players. Legend Holdings Ltd. (H.LHD), the mainland-based computer company, leads the market. But Legere said there is plenty of room for the entire market to grow. "In 2 to 3 years, China will be the second biggest personal computer market in the world," he said. In the fiscal year ended January 1999, Dell recorded global sales of $18.2 billion, compared with $7.8 billion in the previous year. ----------------------------------------------------