CPQ develops & markets hardware, software, solutions & services, including enterprise computing solutions, fault-tolerant business-critical solutions, desktop and portable products & consumers PCs. For the 6 months ended 6/30/99, sales rose 64% to $18.8B. Net income totalled $97M vs. a ss of $3.62B. Results reflect higher service revenues due to the acquisition of Digital. Net income reflects the absence of a $3.23B purchased technology charge.
*PRELIMINARY: For the 3 months ended 09/30/1999, revenues
were 9,208,000; after tax earnings were 140,000.
Oracle Corporation develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses, including systems software and business applications software. For the 3 months ended 8/99, revenues rose 13% to $1.98B. Net income increased 21% to $236.7M. Revenues reflect an increase in the installed base of products. Earnings benefitted from efficiencies and controls over headcount.
Now if Orcle is a darling for increased efficiencies and control over head count with about 2 billion a quarter in sales, what do you think Compaq can do with 9 billion a quarter in sales doing the same thing?
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