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To: niceguy767 who wrote (42962)	6/6/2001 12:29:51 PM
From: fp_scientist	Read Replies (1) \| Respond to of 275872

NG, HWP's warning on soft world markets will put a damper on any runup today ... fp dailynews.yahoo.com Wednesday June 6 12:09 PM ET Hewlett-Packard Warns IT Slowdown Is Going Global PALO ALTO (Reuters) - Hewlett-Packard Co. (NYSE:HWP - news) warned on Wednesday that the slowdown in information technology was now becoming global, leading the computer and printer maker to be more cautious in its own financial outlook. In a statement issued concurrently with its semi-annual analyst meeting, Hewlett-Packard said May sales in both consumer and enterprise markets in all regions were soft, spreading beyond the U.S. and European markets. Hewlett-Packard said it was now more cautious regarding its revenue guidance of flat to down 5 percent for the fiscal third quarter, ending July 31. The company said it was putting additional expense reductions in place to increase the probability of achieving the analysts' consensus earning per share estimate of 23 cents for the third quarter. ``While it is still early in the quarter, May was softer than expected, and we are now addressing what is clearly becoming a global slowdown,'' said Carly Fiorina, chairman, president and chief executive. ``We are taking additional steps to generate revenues and reduce costs while continuing to implement our long-term growth strategy.''