Stitch, to counter the negative view, here's the Compaq take...
COMPAQ COMPUTER CORP does not foresee a slowdown in spending on technology next year, at least not in its main markets, CFO Earl Mason said. He told Reuters in an interview that sales in North America and Europe, from which Compaq draws 85% of its revenues, were strong and would continue to be so because of continuing demand for better, cheaper technology. "What's driving the market right now are Year 2000
conversions, cost-reduction activities in general and the Internet," Mason said. (Reuters 12:00 PM ET 10/14/98)
Compaq Computer (CPQ)
COMPAQ COMPUTER CORP said 3Q profit fell 78% to $115 million, but beat expectations, and its integration of recently acquired Digital Equipment Corp. was on track. Compaq, which has characterized itself as being in a "transitional" period following its $8 bln acquisition of Digital, said the blending of the two giant computer makers is on track. "The 3Q was the first full quarter of operating the combined companies of Compaq and Digital," Compaq President Eckhard Pfeiffer said. The company reiterated its belief that
Digital will add to earnings as soon as the fourth quarter. (Reuters 12:59 PM ET 10/14/98)For the full text story, see full story
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