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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 23.98

-1.3%

Nov 26 3:59 PM EST

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To: PCSS who wrote (1257)	7/9/2002 10:36:38 AM
From: Elwood P. Dowd	Read Replies (1) of 4345

Dell backs profit view, quashes Lexmark buy talk NEW YORK, July 9 (Reuters) - Dell Computer Corp.(NasdaqNM:DELL - News) on Tuesday said the personal computer maker stood by its forecast for fiscal second quarter results, and poured cold water on rumors that it might buy printer maker Lexmark International Inc. (NYSE:LXK - News). "We are still sticking by our guidance of our earnings call," Chief Operating Officer Kevin Rollins said on a Bear Stearns conference call with investors. Dell had previously predicted second-quarter earnings of 18 cents a share and revenues of $8.2 billion, up 8 percent from a year before. Rollins added that Dell, the No. 2 maker of PCs behind Hewlett-Packard Co.(NYSE:HPQ - News), has seen no rebound in PC demand but has continued to gain market share. He dismissed as "highly unlikely" any chance that the company would buy printer maker Lexmark -- one of many scenarios floated by market watchers who suggest that Dell might soon begin making and selling its own branded printers. Dell has in the past said that it was interested in figuring out how it could get into the printer business, which is highly profitable for some of its competitors, thanks in part to the lucrative market for ink and services.

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