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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (66730)	8/18/1999 10:51:00 AM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

EL-- this article probably helped CPQ to drop as people bailed to buy DELL... LOL CPQ may never post numbers like this if DELL continues to eat its lunch... BTW I will bail around the same $$ as you,,, at a loss but smaller than here LOL. Dell Profits Rise 47 Percent By RENAE MERLE Associated Press Writer AUSTIN, Texas (AP) - Dell Computer Corp. (Nasdaq:DELL - news) reported a 47 percent increase in second-quarter profits, helped by a 67 percent increase in sales to small businesses and consumers. Dell, the largest seller of computers directly to customers, said it earned $507 million, or 19 cents per share, in the quarter that ended July 30. That was up from a profit of $346 million, or 12 cents a share in the same period last year. Revenues rose 42 percent to $6.14 billion from $4.33 billion. The profit beat the 17 cents per share expected by financial analysts surveyed by First Call/Thomson Financial. The results were released after the close of financial markets Tuesday. Dell's upbeat results were in sharp contrast to archrival Compaq Computer Corp. (NYSE:CPQ - news), which posted a $184 million quarterly loss last month as it lost sales to Dell. Dell's growth in the home user market probably has affected several competitors, particularly Hewlett-Packard Co. (NYSE:HWP - news) and Compaq, which depend on retail sales, said Lou Mazzucchelli, senior vice president of the New York investment house Gerard Klauer Mattison.

To: Elwood P. Dowd who wrote (66730)	8/18/1999 11:19:00 AM
From: D. Swiss	Respond to of 97611

El, I wouldn't post this on the Dell thread, you are a good man. It is CPQ's management that deserves to be hung. Best of luck to you too. :o) Drew