Sonny...here's what you were looking for. My appologies to Yaacov for directing my post to the wrong person which I did not know. I simply stated a different opinion which should have been directed towards you. (BTW I didn't see any RE: in his post that I replied to) If he has a problem with me than let him deal with me directly.
news.com
Compaq confident on
Europe
By Reuters
July 8, 1997, 10:55 a.m. PT
Compaq Computer (CPQ) said today that
business in Europe was "relatively good" in
the second quarter as it neared release of a
quarterly earnings report this week.
Andreas Barth, Compaq's general manager
for Europe, declined to say whether the
results due on Thursday would meet
expectations, citing the quiet period required
by U.S. securities laws.
But asked how European business
developed in the second quarter, Barth said:
"Relatively good."
Barth said before a strategy briefing in the
Austrian alps that based on company
projections and forecasts from market
researcher Dataquest, Compaq expected its
European market share to rise to 15.4
percent in the second quarter, up from 14.8
percent.
According to preliminary data, sales in the
European PC market as a whole rose 14
percent in the second quarter, compared to
growth of 8.4 percent in the first quarter, he
said.
The Compaq earnings report was expected
to be a key indicator for computer stocks. In
May, chip maker Intel (INTC) warned
second-quarter results would not exceed the
first-quarter levels, and cited weak European
demand.
As previously reported, Compaq plans a
5-for-2 stock split later this month. Compaq
shares closed trade on Monday at 114-1/2.
Joe
PS Please DO NOT reply to this post. Let's just drop the subject and agree that we disagree. But yes, CNBC has been reporting false information quite a bit reasonly. |
