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

To: Elwood P. Dowd who wrote (93252)	10/1/2001 4:54:55 PM
From: Night Writer	Read Replies (3) \| Respond to of 97611

Tune into the press conference. It's just about to start.

To: Elwood P. Dowd who wrote (93252)	10/1/2001 5:42:51 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Compaq cuts outlook, takes $500 mln charge NEW YORK, Oct 1 (Reuters) - The No. 2 personal computer maker Compaq Computer Corp. <CPQ.N>, citing the decline in the economy, on Monday said it expects to report a third quarter operating loss and lower than expected revenues. The company also said it would take a charge of $500 million related to its investment in Internet holding company CMGI Inc. <CMGI.O>. It expects revenue of $7.4 billion to $7.5 billion and an operating loss of 5 cents to 7 cents a share. Analysts had expected the company to post earnings of 5 cents a share in the third quarter, 10 cents a share in the fourth quarter and 31 cents for the year, according to Thomson Financial/First Call. Analysts had also foreseen revenues of $8.2 billion in the third quarter, $8.9 billion in the fourth quarter and $34.97 billion in 2001. ((Caroline Humer, New York Technology Desk, 1 646 223-6181)) REUTERS