Compaq Message Board - Msg: 12151755

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Technology Stocks : Compaq

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To: rupert1 who wrote (72905)	12/1/1999 5:24:00 AM
From: rupert1	Read Replies (3) of 97611

WARNING by COMPAQ - or is it? Didn't we know this already! But what incompetence in presentation! Can a new CFO be far away! _______________________________ December 1, 1999 ------------------- Compaq Says Profits to Be Hurt By Costs to Replace PC Line By a WALL STREET JOURNAL Staff Reporter HOUSTON -- Compaq Computer Corp. said first-quarter earnings will be hurt by the cost of providing replacements for a line of computers it will discontinue. Company Profile: Compaq Computer The replacements will lower operating profit by as much as $150 million for the quarter, the company said a recent Securities and Exchange Commission filing. Compaq had previously said earnings would take a hit ranging from $50 million to $100 million for the current quarter. A spokesman said the figure increased as the company was better able to assess the cost of providing the computers. Analysts estimated the impact on first-quarter earnings at as much as eight cents a share. First Call/Thomson Financial calculated estimates of first-quarter operating profit at 18 cents a share. Compaq will provide replacement computers to owners of its Alpha computers running Microsoft Corp.'s Windows NT operating system. At 4 p.m. Tuesday in New York Stock Exchange trading, Compaq closed down 62.5 cents at $24.4375.

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