Hewlett-Packard regained its position as the world's largest PC maker in the fourth quarter, while the industry overall saw shipments increase in the quarter and in 2002 as a whole.

Hewlett-Packard, meanwhile, took back the unit shipment lead from Dell Computer by shipping 120,000 more computers than Dell in the fourth quarter. HP's surge largely came as the result of strong consumer sales and aggressive price cutting, said Jim McDonnell, vice president of marketing in the personal systems group at HP. The fourth quarter is traditionally a more consumer-oriented quarter.

In the second quarter, HP became the largest PC maker for the first time, through its merger with Compaq Computer. Dell then snatched the lead from HP in the third quarter by a hair.

Read more: CNet News.