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Technology Stocks : Compaq
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To: Windseye who wrote (58885)4/20/1999 9:49:00 AM
From: rupert1  Read Replies (2) of 97611
 
Wndseye: The earnings from the PC division is an enigma. Rosen and EP have successfully competed in whatever was the contemporary low end for the last 7 years. As late as January, 1999 we were being told that COMPAQ makes a better profit with its lower priced than with its higher priced PC's.

Rosen has emphatically stated yesterday that COMPAQ will remain committed to the PC business, maintain its No.1 position and do it profitably. He said "it is a good business".

This contrast with IBM which made a $1 billion loss in PC's.

This being the case, how come the earnings shortfall from 32 to 15?
Not long to find out!
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