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Technology Stocks : Dell Technologies Inc.

DELL 123.51

+0.9%

3:42 PM EST

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To: JRI who wrote (115712)	4/9/1999 6:17:00 PM
From: TechMkt	Read Replies (1) of 176387

In case it hasn't been posted. Fez ____________________ Compaq warns of earnings shortfall By Stephen Shankland Staff Writer, CNET News.com April 9, 1999, 2:25 p.m. PT Compaq warned today that lower demand for commercial PCs will keep its profit for the upcoming quarter less than half of what analysts expected. Earnings will be about 15 cents per share, the Houston, Texas, computer maker said. Analysts expected a profit more than double that amount, or 31 cents a share, according to First Call. "The quarter's shortfall reflects lower than anticipated market demand and increased competitive pricing in the commercial PC sector," said Earl Mason, Compaq's chief financial officer in a statement. Compaq estimated revenue of $9.4 billion for the quarter, which ended March 31. The company will announce full quarterly results April 21. The company's stock rose 1.3125 to 30.9375 before trading was halted today

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