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: Zeem who wrote (122483)	5/5/1999 2:37:00 PM
From: Calvin	Respond to of 176387

Sorry if already posted --------------------------------------------------------------------- NewsAlert - Story European PC Sales Outstrip Expectations COMTEX TOP STORIES - May 05, 1999 13:19 May 05, 1999 ( Tech Web - CMP via COMTEX) -- The weak euro, strong demand, and aggressive pricing on consumer and business products boosted first quarter European PC shipments, while the strong dollar also gave manufacturers an export opportunity. Despite analysts' gloomy predictions and poor regional results from some companies, including Compaq and Ingram Micro, the European PC market continued to drive EMEA PC shipments up to about 6.5 million units in the first quarter, 20.5 percent rise over 1Q 1998, according to analysts Context and IDC. Some resellers seem to be making money, as does Dell. The U.K. PC market achieved a growth rate of 19.2 percent year-over-year, and a Dell representative said concerns about a slowdown in PC sales were unfounded, given the predictable flat growth that accompanies the fourth quarter every year. Round Rock, Texas-based Dell said it expects its PC market shipments to grow from the first half of the year at 14 percent to 15 percent over the next few years. High growth rates were achieved through soaring demand for both consumer and professional PCs, but bargain offers and falling prices led to slow turnover growth for many vendors and resellers in the low-end PC sector. While the average European PC desktop price fell by 19.4 percent in 1Q compared with a year ago, the price of a U.K. PC fell 26 percent. The euro hit a record low against the dollar last week. It has been falling continuously for the past four months. One financial analyst said this had not been anticipated by most companies and was making exporting European goods to the United States easier. Peter Alexander, managing director of Montal Group, agreed the low euro created an advantage for European manufacturers, at least in the short term. Fears of recession that hindered IT investment in the second half of 1998 have certainly decreased, said Context.