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Dell says it has leaped past IBM, HP

Dell said it passed IBM and HP to become the second largest corporate PC maker.

Dell Computer announced yesterday that it has leapfrogged IBM and Hewlett-Packard last year to become the second largest PC maker in the U.S. corporate market behind Compaq.

Citing research from research firm International Data Corporation, Dell pulled into second place, with 13 percent market share. More than 90 percent of Dell's desktop sales go to business and government buyers, as the company has turned away from the consumer market in the past three years.

Dell claimed the shift to a business-oriented strategy has helped the company grow at twice the industry average in the past 5 years. Since January, the Austin, Texas-based manufacturer has added 15 Fortune 500 companies to its client list, bringing the number of companies it serves to 75 percent.

So far, the announcement has not buoyed the company's stock price this morning, which was trading at 49-1/8 after opening today at 49-3/4.