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Technology Stocks : Compaq
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To: QuentR who wrote (59108)4/21/1999 10:06:00 AM
From: rupert1  Read Replies (1) of 97611
 
QuentR: That's the way I heard it. That being the case, these are good quality numbers, albeit low numbers. Also note that the tax rate was much higher (34%?) than last quarter (I think it was 18%?). I assume tax credits are being reserved for subsequent quarters - and they wrote this one off as a bad quarter.

Doing running claculations in my head as they were talking I counted about $1 billion in cash expended for stock re-purchase ($250 million?), zip2, shopping.com and otehr developmental monies for AV. As I have said most of that will come back unto to the balance sheet when AV is spun-off. (see my next post on this one)

Also noted that most of the lay-offs have been done, the remaining (1,500?) probably in Germany. However, a post the other day suggested that they have achieved this number by contracting out and the same employees are there wearing different overalls.
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