PALO ALTO, Calif., Jan 26 (Reuters) - Computing giant
Hewlett-Packard Co. <HWP.N> said on Wednesday that revenue and
earnings growth for its fiscal first quarter and full year were
on track as home computer and laptop sales remained robust.
Hewlett-Packard made the statement not long after Dell
Computer Corp. <DELL.O>, the world's No. 2 PC maker, warned
that its revenue and earnings would fall short of expectations
for the second consecutive quarter, amid parts shortages and a
sales slowdown tied to year 2000 fears.
Hewlett-Packard Chief Financial Officer Robert Wayman said
in a statement that revenues and profits at the Palo Alto,
Calif.-based company were expected to grow by 12 percent to 15
percent in fiscal 2000.
"Our revenue growth is strong. In view of recent
announcements by some of our competitors, we felt it was
appropriate to reaffirm revenue and earnings growth guidance in
the 12 to 15 percent range for the full year," Wayman said.
"Our first quarter is in good shape," Wayman said, adding
that the personal computer business was "on track", with
particularly strong sales of home and laptop computers.
"Our imaging and printing business is also generating
strong growth," Wayman said but gave no further details. The
company is set to report first quarter financial results on |
