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Technology Stocks : Intel Corporation (INTC)

INTC 41.12

-3.5%

3:59 PM EST

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To: Process Boy who wrote (78262)	4/9/1999 5:13:00 PM
From: xstuckey	of 186894

Bad news here : From Bloomberg 4:41 EST Compaq to Report Lower-Than-Expected First-Quarter Earnings Compaq to Report Lower-Than-Expected First-Quarter Earnings Houston, April 9 (Bloomberg) -- Compaq Computer Corp., the No. 1 maker of personal computers, said its first-quarter earnings will be about half analyst forecasts because of plummeting personal computer prices. Houston-based Compaq said earnings will be about 15 cents a share, much lower than the 31 cents analysts had been expecting. Sales will be $9.4 billion. Compaq blamed sluggish demand for its products and increasing price competition in the corporate PC market. Compaq said in late February that sales to some corporate customers were slow, but that they were picking up. That news prompted a 14 percent one-day drop in the shares. Compaq rose 1 5/16 to 30 15/16 today. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. Access More Information and Services Above ©1999 Bloomberg L.P. All rights reserved.

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