Good News For Dell (DELL) And HP (HPQ): PC Manufacturing Rising
April 29, 2008 by Douglas A. McIntyreThe company which builds a large portion of the world’s PCs is raising its estimates for the number of units it will build this year. Taiwan-based Quanta Computer, has raised its shipping targets for this year by a whopping 25 per cent, according to The Inquirer. Most of the firm’s output is laptops, the hot part of the market.
The news is very good for Dell (DELL) and Hewlett-Packard (HPQ), and not half bad for Microsoft (MSFT). Wall St. has assumed that a global recession could sharply cut sales of PCs. That would also hurt sales of Redmond’s Vista operating system.
A little light at the end of the tunnel.
Douglas A. McIntyre
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