Compaq Message Board - Msg: 12956335

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Technology Stocks : Compaq

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To: Night Writer who wrote (78688)	2/23/2000 8:47:00 PM
From: Captain Jack	Read Replies (1) of 97611

Feb. 18 (Omaha World-Herald/KRTBN)--Omaha-based Inacom Corp. warned late Wednesday that its fourth-quarter loss will be a worse-than-expected 94 cents a share before special charges, a setback it attributed largely to a decline in sales related to clients' fears over the year 2000 computer problem. Inacom, which is shifting its focus from customizing and selling business computers to providing computer services, previously warned that it would lose between 50 and 70 cents a share. The company now expects to post revenue of $1.54 billion for the quarter ended Dec. 31, down 4.7 percent from its fourth-quarter 1998 top line. In addition to projected losses from operations, Inacom said Wednesday that it will take a fourth-quarter charge of $80 million to $100 million to increase reserves for accounts receivable. That adjustment is on top of a previously announced charge of $100 million to $150 million.

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