Compaq income rose by 42.9% in 2nd quarter

Article Abstract:

Compaq Computer Corp reports that its net income rose 42.9 percent in the 2nd qtr 1992. The company's shares grew $3 or 12.2 percent on the New York Stock Exchange and closed at $27.625. Compaq earned $29 million or 35 cents a share in the quarter ended June 30 1992, compared with 1991's $20.3 million or 23 cents a share. Compaq's financial success is partially the result of Compaq's decision to offer a low-cost line of microcomputers. Compaq changed its marketing strategy when it realized it was losing market share. Compaq also benefited from the introduction of new products in June 1992 and the growing sales in computer superstores. The company reduced its research and development spending by $9 million and its sales and administration expenses by $15 million. Compaq also reduced its work force by 1,400 people in 1991.

Revenue, Second Quarter

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Compaq earnings off 51%; Sun Microsystems up 21%

Article Abstract:

Compaq Computer Corp reports that income for the 4th qtr of 1991 is down by about half, compared with the same period in 1990. Compaq's net income is $66.6 million, or 77 cents a share, compared with $134.8 million, or $1.50 a share last year. Pres and CEO Eckhard Pfeiffer foresees a difficult year, saying he does not expect a significant improvement in economic conditions. Compaq's stock was down $2.375 on Tuesday, Jan 28, 1992, closing at $32.75. Sun Microsystems Inc, the workstation manufacturer, reports some increase in both sales and earnings. The company reports net income of $47.4 million, or 47 cents a share, for the quarter ended Dec 27, which compares with $39.1 million, or 39 cents a share, in the same period in 1990. Sun's stock closed up 37.5 cents on Jan 28, at $33.875.

Prepackaged software, Sun Microsystems Inc., SUNW, Stock, Fourth Quarter

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