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To: Sulayman who wrote (18389)	4/9/1999 5:05:00 PM
From: Dave.S	Read Replies (1) of 37507

Watch out! Compaq just warned of sharply lower earnings. This will probably drag Nasdaq and BII lower on Monday! Compaq issues 1Q warning Weak PC demand, price war to cut anticipated earnings in half April 9, 1999: 4:49 p.m. ET NEW YORK (CNNfn) - Compaq Computer Corp., the world's No. 1 computer maker, on Friday warned that its first-quarter profits will fall far short of Wall Street estimates because of weaker-than-anticipated demand for PCs. The Houston-based company cited a "less favorable sales mix" and expects to report a profit of 15 cents a share for the quarter ended March 31, less than half the 31-cents-a-share profit analysts polled by First Call had forecast. Compaq (CPQ) also expects to report revenue of $9.4 billion when it reports first-quarter earnings April 21. The company also said increased pricing pressure in the industry will cut into its earnings. "The quarter's shortfall reflects lower than anticipated market demand and increased competitive pricing in the commercial PC sector," said Earl Mason, Compaq chief financial officer. Compaq shares finished 1-1/4 higher at 30-7/8 in Friday trading.

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