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To: Night Writer who wrote (87505)	12/6/2000 12:42:15 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Hewlett-Packard Confident of Forecast, Stock Dips Wednesday December 6 12:30 PM ET Hewlett-Packard Confident of Forecast, Stock Dips PALO ALTO, Calif. (Reuters) - Hewlett-Packard Co. (NYSE:HWP - news) on Wednesday said it remains confident of meeting its forecast of between 15 percent and 17 percent revenue growth for fiscal year 2001. The computer and peripheral equipment maker also said that single-digit growth for personal computer sales in the U.S. had already been built into that forecast. ``We saw the market softening. We have planned for the market to soften,'' Carly Fiorina, chairman and chief executive, told analysts at an investor meeting. Hewlett-Packard stock was off $3-3/8, to $31-5/8, in early afternoon trade on the New York Stock Exchange (news - web sites). Warnings on Tuesday from Apple Computer Inc. (NasdaqNM:AAPL - news) and last week from No. 4 U.S. personal computer maker Gateway Inc. (NYSE:GTW - news) have raised concerns about the strength of consumer demand heading into next year. But in her presentation, Fiorina said that Hewlett-Packard's sales to businesses were ``accelerating'' from the 9 percent growth recorded for the whole of the 2000 fiscal year in the second-half, ending October. And she said Hewlett-Packard expected strong growth in its sales of servers and storage networks. The market for UNIX-based servers has become a ``two-horse race'' between Hewlett-Packard and Sun Microsystems (NasdaqNM:SUNW - news), she said. Email this story - View most popular \| Printer-friendly format Earlier Stories Hewlett-Packard Remains Confident with Forecast (December 6) Hewlett Sees Server Prices, Margins Steady (November 28) Archived Stories by Date: