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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (39067)	11/1/2000 11:33:10 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Compaq says European sales pace to defy euro moves MAIHAMA, Japan, Nov 2 (Reuters) - Compaq Computer Corp (NYSE:CPQ - news) said on Thursday it expected sales of personal computers in Europe to continue at the same pace in the October-December period, despite volatility in the euro. Michael Capellas, chairman and chief executive of the world's number one personal computer maker, told a news conference: ``During the (third) quarter, revenue was up eight percent -- 21 percent in local currency terms -- and I think you'll see that trend continue in the fourth quarter.'' Compaq said last week its third-quarter profit surged on strong sales across all product lines, but warned fourth-quarter profit would be hurt by a weak euro. A weak single currency, which reduces corporate earnings when converted into dollars, has weighed on profits at other big technology companies, such as International Business Machines Corp. (NYSE:IBM - news) and Intel Corp. (NasdaqNM:INTC - news). Capellas said Compaq was prepared against the risk of continued weakness in the October-December period. ``We hedged the euro very early in the quarter -- it looks like a pretty good strategy.'' The weak European currency would lop as much as $100 million from pretax profits in the fourth quarter, the Houston-based computer maker said last week.

To: Proud_Infidel who wrote (39067)	11/1/2000 11:53:57 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 70976

Brian, the contrast between this post and your last one is quite interesting. This is what I meant when I said every company will put its own best spin on their news. So I'd trust info on each company better if it came from a third party. As for your next post, I am begining to have more and more respect for Compaq. Their sales, marketing, and portions of support infrastructure is way behind Sun Micro. But they are moving ahead in the right direction. The new CEO is miles ahead of the old one. As far as their relevance to equipment guys goes though, I've seen their technology road map and they intend to be two generations behind the bleeding edge on their Alpha (and I presume) other chips. ST PS so does anyone know what the SIA reported for the chip growth in September tonight?