CompuCom Systems & spin off ClientLink, Inc Message Board

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Technology Stocks : CompuCom Systems & spin off ClientLink, Inc

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To: long-gone who wrote (380)	2/3/2001 12:07:02 AM
From: Cheryl Galt	Read Replies (1) of 388

Nice plug Friday from Prudential Securities -- mentions CMPC's upside surprise in service revenues, the key to Compucom's health. investor.cnet.com Parking it: Compucom Systems Inc ACCUMULATE CMPC: COMPUCOM ANNOUNCES CQ4 EARNINGS UPSIDE ON STRONG SERVICES PERFORMANCE AND TIGHT COST CONTROLS; SLIGHTLY RAISING ESTIMATES CMPC \| $2.50 \| OTC Last night, Compucom announced CQ4 EPS of $0.16 per share, $0.06 above our $0.10 estimate. Upside was driven by strong revenue and margin performance from the Services business, as well as tight cost controls. Overall revenues of $708M were 2% below our estimates. Product revenues of $634M declined 3% Q/Q versus our expectations for a 1% rise. Services revenues grew a strong 9% Q/Q to $75M, and were well above our expectations for 5% growth. --------------------- It sounds like CMPC is steadily gaining steam on its desired track: "4Q Service gross margin improved to 43.6% compared to 39.8% in the third quarter 2000 and 31.8% a year ago."

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