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


To: Jay Durell who wrote (76342)1/24/2000 6:52:00 AM
From: Douglas G Prettyman  Read Replies (1) | Respond to of 97611
 
have not seen this posted so here goes:

Compaq Might Miss Estimates, Lang Asset's Lang Tells Forbes


Houston, Jan. 23 (Bloomberg) -- Compaq Computer Corp. could miss fourth-quarter earnings estimates of about 15 cents a share, Robert Lang of Atlanta-based Lang Asset Management told Forbes in its ``Streetwalker' column. After a $2.7 billion loss in 1998 and a second-quarter 1999 loss of $184 million, the personal- computer maker's shares hit a low of $19. Compaq's plan to copy rival Dell Computer Corp. and build computers to order isn't exactly ``crackling,' with Dell saying it can deliver the computers in a week, compared with two weeks for Compaq, Forbes said.

Compaq's third-quarter profit was little changed as the world's biggest personal computer maker wrestled with slowing demand and lost market share to competitors.