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. Last Updated: 07/27/2016

Compaq Tops Market

NEW YORK -- Compaq Computer Corp. led the personal computer industry in U.S. sales during the first quarter, unseating Packard Bell Electronics Inc., according to an estimate released Friday by International Data Corp.

The research firm said U.S. PC market growth was 14 percent in the first three months of the year, below last year's growth levels but not indicative of the major slowdown many observers feared had seized the industry.

IDC said it would hold to its previous forecast of 15.3 percent annual growth for the PC industry. In 1995, U.S. PC sales growth was 23 percent.