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Dell CEO Says Tech Market Shows Signs of Stability
 11/07/2002 KARLSRUHE, Germany (Reuters) - The technology market is showing signs of stability -- but that's all -- the chief executive officer of No. 1 personal computer maker Dell Computer Corp., said on Wednesday. When asked how the technology market is doing and when there might be a recovery in spending, Michael Dell said "there are signs of stability -- not much more than that." Dell told journalists in Karlsruhe, Germany ahead of a speech to university students on the future of wireless computing that he doesn't expect spending to pick up until corporate profits do. "As we talk to companies and institutions, they are looking for a return in profitability before (they are) going to renew growth in spending," Dell said. He said there is still a lot of spending going on, but the computer industry has been caught in the downdraft that has pulled down the entire technology market following the Internet-driven boom in the late 90s. Dell, which has a lower-cost business model in which it does not keep inventory or sell through retailers, has fared better than most in the downturn, taking market share from competitors such as Hewlett-Packard Co. When asked about Dell's sales in the run-up to the end-year holiday selling season, Dell said "our business is shaping up quite nicely." Dell is due to report earnings on Nov. 14. Dell, which is introducing a low-cost personal digital assistant this month, said it continues to see most of the company's growth coming from large server computers and data storage machines as well as notebook computers. He said it would be "nice" if Dell's share of the handheld computer market reaches 25 percent next year, but said the company hasn't set any market share goals for the product. News Archive | |
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