Sorry I should printed the whole story;
Special Report: First Quarter Earnings For the Computer Industry
Updated 04.24.98
While Compaq and Intel didn't exactly rake it in like they have in the past, their less-than-stellar financial reports this quarter didn't signify as much as they may have in the past either.
The market had already absorbed the soft-earnings news based on the companies' early forecasts. What's more, the market itself has gotten so complex that "it's impossible to make any substantive generalizations about technology stocks even when a bellwether like Intel has a bad quarter," said Dan Scovel, an analyst at Fahnestock & Co. For a roundup of earnings reports, see:
- Shiva shares edge up following Q1 revenue rise.
- Symantec, on a roll, aims to keep mobile users current Sybase shares fall after poor first quarter.
- Infoseek's first-quarter loss smaller than expected WorldCom earns $93M in first quarter.
- Microsoft beats Q3 expectations; warns of slower sales ahead.
- Gateway beats the Street, changes name.
- Lucent surges on strength of Q2 earnings.
- Silicon Graphics' third-quarter loss in line with expectations.
- SAP's first-quarter rises on Y2K, euro sales.
- IBM beats Street, but questions remain; IBM said PC pricing held
down earnings Sun slips ahead of earnings report.
- Bay Networks falls flat in third quarter.
- Apple stuns Wall Street with $55M profit.
- Digital Q3 income easily beats the Street.
- TI meets Q1 estimates.
- Intel hits its numbers, will cut 3,000 jobs.
- Compaq hits numbers, but profits plummet. No quick fix in store for Compaq.
- Unisys beats Wall Street expectations.
- Yahoo! beats the Street -- again.
- AMD vows to match -- and beat -- Intel prices.
- Corel drops $21M in first quarter.
- Strong server sales fuel Oracle's third quarter.
- Novell beats Q1 estimates. Novell cites evidence of turnaround.
- Dell cruises through fourth quarter; in interview, Dell CEO rips rivals Dell shares hit new high.
- HP misses Q1 numbers.
Forecasts:
- CA projects record earnings as stock hits record high.
- Intel's Barrett forecasts strong second-half sales. Intel scales back projections for Q1. Techs slump after Intel drops earnings bombshell.
- SGI warns of third-quarter loss; charts new business course.
- Security Dynamics' stock plunges on word of shortfall.
- Compaq's brass faces its biggest test in years.
- Micron Electronics warns of Q2 loss.
- Quarterdeck predicts Q2 loss.
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