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

To: Loki who wrote (81662)	4/25/2000 7:45:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

Compaq Executives Confident on Q2, Full Year 2000 Tuesday April 25 6:38 PM ET Compaq Executives Confident on Q2, Full Year 2000 CLEVELAND (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) executives on Tuesday said they were confident about meeting earnings and revenue projections for the second quarter and the full year, as the company emerged from what they called a difficult first quarter in which the computer maker met expectations despite flat revenues. ``We are absolutely comfortable with estimates for the total year from both a revenue and a profitability point of view,'' said Compaq President and Chief Executive Michael Capellas. He added there would be some expenses for a major new brand advertising campaign and a product transition tied to the introduction next month of the company's powerful new Wildfire computers based on Compaq's Alpha chips. ``Overall, we have a very positive outlook for the second quarter and the second half,'' said Jesse Greene, the company's new chief financial officer. Greene said he expects second quarter gross margins of between 22.5 and 23.5 percent, and said he was comfortable with revenue projections for a sequential second quarter rise to $10.2 billion from $9.5 billion. The executives were speaking in a conference call with analysts and investors, following the release of the Houston-based computer maker's first quarter results. E-mail this story \| Printer-friendly format Advanced Search: Stories Photos Full Coverage Apr 24 \| Apr 23 \| Apr 22 \| Apr 21 \| Apr CLEVELAND (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) executives on Tuesday said they were confident about meeting earnings and revenue projections for the second quarter and the full year, as the company emerged from what they called a difficult first quarter in which the computer maker met expectations despite flat revenues. ``We are absolutely comfortable with estimates for the total year from both a revenue and a profitability point of view,'' said Compaq President and Chief Executive Michael Capellas. He added there would be some expenses for a major new brand advertising campaign and a product transition tied to the introduction next month of the company's powerful new Wildfire computers based on Compaq's Alpha chips. ``Overall, we have a very positive outlook for the second quarter and the second half,'' said Jesse Greene, the company's new chief financial officer. Greene said he expects second quarter gross margins of between 22.5 and 23.5 percent, and said he was comfortable with revenue projections for a sequential second quarter rise to $10.2 billion from $9.5 billion. The executives were speaking in a conference call with analysts and investors, following the release of the Houston-based computer maker's first quarter results. E-mail this story \| Printer-friendly format Advanced Search: Stories Photos Full Coverage Apr 24 \| Apr 23 \| Apr 22 \| Apr 21 \| Apr CLEVELAND (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) executives on Tuesday said they were confident about meeting earnings and revenue projections for the second quarter and the full year, as the company emerged from what they called a difficult first quarter in which the computer maker met expectations despite flat revenues. ``We are absolutely comfortable with estimates for the total year from both a revenue and a profitability point of view,'' said Compaq President and Chief Executive Michael Capellas. He added there would be some expenses for a major new brand advertising campaign and a product transition tied to the introduction next month of the company's powerful new Wildfire computers based on Compaq's Alpha chips. ``Overall, we have a very positive outlook for the second quarter and the second half,'' said Jesse Greene, the company's new chief financial officer. Greene said he expects second quarter gross margins of between 22.5 and 23.5 percent, and said he was comfortable with revenue projections for a sequential second quarter rise to $10.2 billion from $9.5 billion. The executives were speaking in a conference call with analysts and investors, following the release of the Houston-based computer maker's first quarter results. E-mail this story \| Printer-friendly format Advanced Search: Stories Photos Full Coverage Apr 24 \| Apr 23 \| Apr 22 \| Apr 21 \| Apr Compaq Executives Confident on Q2, Full Year 2000 CLEVELAND (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) executives on Tuesday said they were confident about meeting earnings and revenue projections for the second quarter and the full year, as the company emerged from what they called a difficult first quarter in which the computer maker met expectations despite flat revenues. ``We are absolutely comfortable with estimates for the total year from both a revenue and a profitability point of view,'' said Compaq President and Chief Executive Michael Capellas. He added there would be some expenses for a major new brand advertising campaign and a product transition tied to the introduction next month of the company's powerful new Wildfire computers based on Compaq's Alpha chips. ``Overall, we have a very positive outlook for the second quarter and the second half,'' said Jesse Greene, the company's new chief financial officer. Greene said he expects second quarter gross margins of between 22.5 and 23.5 percent, and said he was comfortable with revenue projections for a sequential second quarter rise to $10.2 billion from $9.5 billion. The executives were speaking in a conference call with analysts and investors, following the release of the Houston-based computer maker's first quarter results. E-mail this story \| Printer-friendly format Advanced Search: Stories Photos Full Coverage Apr 24 \| Apr 23 \| Apr 22 \| Apr 21 \| Apr