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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: t2 who wrote (78628)	4/12/1999 6:33:00 PM
From: VICTORIA GATE, MD	Read Replies (2) of 186894

tech2000 Monday April 12, 4:21 pm Eastern Time Hewlett-Packard PC business on track PALO ALTO, Calif., April 12 (Reuters) - Hewlett-Packard Co. said Monday its PC business is growing revenues and profits and not seeing the weakness some competitors are reporting. ''We have delivered growth that is on plan and profits that are above plan,'' Duane Zitzner, president of HP Computing Products said in a statement. ''Our results since the middle of last year to this point in the quarter validate our direction in all our large regional markets of the world.'' Hewlett-Packard said it made the statement in response to questions raised following signs of weakness in some of its competitors' businesses. On Friday, Compaq Computer Corp. (NYSE:CPQ - news), the world's largest personal computer maker, said its first quarter profits would be less than half of what Wall Street had forecast. Hewlett-Packard said Monday that it has been successful with its strategy of balancing market-share growth and profitability, while expanding the number of channels through which consumers can sell its products

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