B of A Conference: Compaq Calls Demand 'Both Soft and Strong' - TheStreet

B of A Conference: Compaq Calls Demand 'Both Soft and Strong'

The boxmaker talks in broad terms in its B of A presentation.
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SAN FRANCISCO -- Compaq (CPQ) grabbed the broad brush when it addressed the question of PC demand Wednesday.

In a presentation here at the

Banc of America Securities Investment Conference

, CEO Michael Capellas characterized demand as "both soft and strong." Capellas explained that there's a spending shift away from traditional segments like commercial desktop PCs toward Internet-related devices. Demand for Web servers is very strong, and it's "exploding" for wireless devices, enthused Capellas.

Compaq's presentation came one day after

Dell's

(DELL) - Get Report

.

Dell called PC demand strong in the short and long term. And Dell said it expects 18% growth in PC sales in its fiscal third quarter, which ends in October. How's that for specifics?