Still In Transition, But With Less Pain

A funny thing happened to the computer industry on the way to 1993: Despite a worldwide recession, wrenching restructurings by major manufacturers, and severe price pressures, total 1992 revenues exceeded most forecasts, growing about 6%, to $119.6 billion, according to International Data Corp. That's a big improvement over 1991's 4.2% increase, and it has set off little bursts of optimism all over the map. The operative word, though, is little. No one is betting on a sudden rebound in the computer business in 1993--IDC forecasts 5.8% growth in total U.S. revenues. And the word most experts use to describe this year is the same one as last year: transition.

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