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

To: hlpinout who wrote (96074)	3/14/2002 7:30:48 AM
From: hlpinout	Respond to of 97611

4:59am 03/14/02 CSFB cuts PC estimates on comm IT slump (CPQ, DELL, HWP, TECD) By Emily Church CS First Boston overnight trimmed revenue and earnings estimates for companies in the PC supply chain, calling commercial IT spending "a no-show." Analyst Kevin McCarthy said he now expects 2002 PC unit growth of 5 percent vs. earlier expectation for 10 percent growth. He lowered his full-year revenue estimates by 2.6 to as much as 6 percent for Compaq [c: cpq], Dell (DELL) , Hewlett-Packard (HWP) and Tech Data (TECD) . He lowered earnings per share for the group, except Compaq was left at 25 cents a share. "There is no evidence of a commercial pick-up with two weeks to go in the first quarter," the broker said. "Consumer PC sales have recently shown signs of cooling following a strong start to 2002."