Compaq to post quarterly loss; sales plummet
Article Abstract:
Citing the worldwide downturn in demand for computers, Compaq Computer stated that revenue for the next quarter would be well below its forecast of $8 billion and that the company would generate a loss of $100 million for the quarter. CEO Jeff Clarke said that Compaq's proposed merger with Hewlett-Packard is still moving forward. The company's shares fell 8% to $7.66 on the news.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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Computer firms likely to report 4th-period gains
Article Abstract:
Industry analysts expect most major computer firms to post improved financial results for 4th qtr 1994 due to the strong demand for PCs and midrange systems in the US and Europe. IBM expects to report a net income of $1.83 per share for the quarter, growing from $382 million to $1.1 billion. The company's earnings have been boosted by the sales of its minicomputers and workstations. HP expects to post a net income of $471 million for its fiscal first quarter, compared to $368 million a year ago. HP's growth has been aided by its printer, server and workstation sales. Compaq is expected to benefit from its Christmas 1994 and end-of-the-year sales, reporting a fourth-quarter net income of $260 million. The only major computer vendor that may post a loss is DEC, which is expected to report a loss of $28.1 million. The computer giant is still in the middle of a major restructuring effort.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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Likelihood of weak sales by PC makers in 1st quarter helps depress tech stocks
Article Abstract:
A Mar. 3, 1999 drop in many high technology stocks was precipitated by a disappointing first-quarter forecast for the US personal computer industry. PC Data Inc., a market research firm, reports PC retail sales rose one percent in Feb. 1999 coupled with a 16% drop in revenues. Faltering revenue for PC makers is believed to be based on lower prices and a delay in purchasing by customers interested in buying machines fitted with Intel Corp.'s Pentium III chip. Investors had expected a first-quarter boost in PC sales driven by the year 2000 computer problem, but that has failed to materialize. It is unclear whether PC demand will continue upward or begin a downward trend.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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