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To: D. Swiss who wrote (137958)	7/28/1999 5:05:00 PM
From: Sig	Read Replies (2) \| Respond to of 176387

CPQ reports almost right on the expected 10 cent loss.SES

To: D. Swiss who wrote (137958)	7/28/1999 5:18:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Compaq reports a loss but beats expectations So Drew you bought some dogway again? You sound like you did.<g> =================== By Joe Wilcox Staff Writer, CNET News.com July 28, 1999, 1:55 p.m. PT Compaq Computer announced a second-quarter loss but beat analysts's earnings expectations by a penny a share. Compaq reported a net loss of $184 million, or ten cents a share, for the second quarter. Analysts had expected a loss of 11 cents a share, according to a consensus by First Call. The PC maker earned two cents a share on net income of $32 million in the same quarter a year ago, which at the time was seen as a dismal quarter. Factoring for the June 11, 1998, acquisition of Digital Equipment, Compaq lost $3.6 billion, or $2.33 per share. Analysts predicted that Compaq decided to take a hit in the second quarter as it finalizes the Digital acquisition, completes a reorganization, and streamlines distribution rather than spread losses into the second half. Compaq reported sales grew by 17 percent on a pro forma basis to $9.4 billion worldwide during the second quarter. But operating expenses increased to $2.2 billion from $1.9 billion in the first quarter. Gross margins dropped to 20.5 percent from 24.7 percent in the first quarter. Compaq closed at 26 today on the New York Stock Exchange, up .4125. The company's current market capitalization is nearly $43 billion.