<<"The First Call consensus estimate is a loss of 11 cents per share.">> Whisper coming with Hellman mumbleings--- if the mkt stops bleeding we could see 26 out of all this..
Not all positive but no where near as negative as things have been...
Compaq close to naming new CEO
CNBC says former TRW executive will be at helm
By Janet Haney, CBS MarketWatch
Last Update: 5:56 PM ET Jul 20, 1999
NewsWatch
HOUSTON (CBS.MW) -- Compaq Computer could name former TRW
executive Peter Hellman as its new chief executive officer, CNBC
reported.
A Compaq (CPQ: news,
msgs) spokesperson
wasn't immediately
available for comment.
A TRW spokeswoman
couldn't confirm the
appointment, but said
Hellman, former
president and chief
operating officer, hasn't
been with TRW for "at
least six months."
Jonathan Ross, analyst at ABN Amro said the possible appointment of
Hellman to lead Compaq wouldn't "imply major out-of-the-box thinking."
"They [Compaq] have to be near the point" of announcing a new CEO, he
said. Ross added that if Compaq drags out its CEO appointment much
longer, it will get "uncomfortable."
David Bradley, analyst at J.P. Morgan Securities,
said Hellman was "well liked by the investment
community" and has "manufacturing expertise."
Bradley said "lean manufacturing is something that
the computer industry may not be as good at...
TRW's mainly auto parts."
TRW makes auto products as well as space and
defense systems.
A new CEO decision could coincide with the release
of Houston-based Compaq's second-quarter results
on July 28. The company warned on June 17 that it
sees a second-quarter loss of as much as 15 cents a
share. See archived story. The First Call Corp.
consensus estimate is a loss of 11 cents per sha |
