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To: milo_morai who wrote (144532)	10/1/2001 5:29:55 PM
From: Road Walker	Respond to of 186894

17:26 ET Compaq (CPQ) 8.28 -0.03: -- Update -- On call, says there is no question that Q3 pricing was more aggressive than Q2... Indicates that business in Europe and Japan was substantially weaker in Q3 than Q2... business in Europe marked by a very aggressive pricing environment versus Q2... call just concluded... CPQ -0.54 17:16 ET Compaq (CPQ) 8.28 -0.03: -- Update -- On call, says it lost about a week's worth of business in Sept., which translates into approximately $700 mln... notes that the revenue shortfall is essentially 50% demand-driven and 50% supply-driven as air cargo restrictions following terrorist attacks limited shipments... other details: says the quarter ended with a larger backlog than where it started; expects gross margins, as a percentage of revenues, to be down 2% sequentially and operating expenses to be down roughly $100 mln sequentially... CPQ -0.35 17:14 ET Compaq (CPQ) 8.28 -0.03: -- Update -- Resumes trading; CPQ -0.28 vs. the 4 pm close. 17:07 ET Compaq (CPQ) 8.28 -0.03: -- Update -- On conference call, says it was on track to meet earnings guidance through August, but due to the combined negative impact of its 9/4 merger announcement with HWP, which prompted a pause from customers and employees, a typhoon that hurt Taiwanese suppliers, and the 9/11 terrorist attacks, it was unable to stay on track.