Compaq marketing vice president Enrico Pesatori is sticking by his controversial comments, made earlier this year, that the company had seen lower than expected PC demand in January.
Pesatori had made the comments at a closed analyst briefing in the third week of February but no official statement was made. After the news leaked out, Compaq then refused to elaborate, causing a storm of criticism and even a lawsuit from angry shareholders.
Speaking to VNU Newswire at the Cebit trade fair in Hannover today, Pesatori said he stood by his earlier statements, although he was unable to comment further with Compaq in its quiet period in the run up to its second quarter results.
He did say that he expected the PC market as a whole would experience a slow down later this year, in the run up to 2000.
"There is no question that there will be some effect in terms of the economy, and it would be foolish to think that the PC sector will be immune to this," he said.
Analysts have given mixed reports on Compaq's recent performance, noting the positive financial contribution from the Digital acquisition, but also the damage to Compaq's market share from Dell's continuing growth.
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