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Technology Stocks : Compaq

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To: Captain Jack who wrote (89627)	2/11/2001 2:39:11 PM
From: Elwood P. Dowd	Read Replies (2) of 97611

Compaq sees sales slowdown in H1 2001 FRANKFURT, Feb 11 (Reuters) - The head of the U.S. computer giant Compaq Computer Corp. (NYSE:CPQ - news) predicted a slowdown in sales growth to just under 5 percent in the first half of 2001 from 10 percent in 2000, a German magazine reported. Michael Capellas told German news magazine Der Spiegel in an interview to be published on Monday that Compaq would see sales stagnate at zero growth in the first quarter followed by a pickup in the course of the year. ``In 2000 Compaq had sales growth of 10 percent. By contrast in the first half of the new year it should only be almost half that,'' Capellas was quoted as saying. Compaq officials were not immediately available to comment on the report. Capellas said it was becoming increasingly difficult to earn money with personal computers. As a result the company was moving increasingly into developing new forms of Internet accessing systems. Compaq said recently it expected sales growth of 6 to 8 percent in 2001. Compaq said in December that sales growth would slow as a result of weakening demand. Capellas said the classic personal computer industry was gradually becoming the ``Old Economy'' of the information technology sector. ``Our task in the future will not be to put cumbersome boxes on people's tables,'' Capellas said. He added that PCs now made up less than half of Compaq's sales. Business with high performance memory chips and servers was developing far more dynamically, he said. Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: Compaq Computer Corp

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