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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (327)	5/10/2002 2:29:55 PM
From: Elwood P. Dowd	Respond to of 4345

>>>Hewlett-Packard Won't Let Dell by: iamlonghpq (48/M/boston, MA) 05/10/02 02:11 pm Msg: 132216 of 132222 Hewlett-Packard Won't Let Dell `Easily' Re-Take World PC Crown By Peter J. Brennan Cupertino, California, May 10 (Bloomberg) -- Hewlett-Packard Co., which became the world's biggest PC maker with the acquisition of Compaq Computer Corp. last week, said it won't let rival Dell Computer Corp. ``easily'' retake the top spot. Dell has promised to reclaim the No. 1 position about two quarters after the acquisition's close. Hewlett-Packard will fight to keep the market-share lead, though not if it means cutting profit, Duane Zitzner, president of Hewlett-Packard's Personal Systems Group, said today on a conference call. ``We're not going to let Michael Dell have this (title) easily,'' said Zitzner, who's group oversees PCs. ``Market share is a very important measure. However, profitability is more important.'' The combined share of the PC market held by Hewlett-Packard and Compaq in the first quarter was 17 percent, compared with 14 percent for Dell, according to market researcher Dataquest Inc. Hewlett-Packard completed the $18.9 billion purchase of Compaq last Friday and the companies began operating together on Tuesday. Hewlett-Packard Chief Financial Officer Bob Wayman said Tuesday that the company is more interested in profit than market share in PCs, which are less profitable than printers, server computers and services. The integration of Hewlett-Packard and Compaq's PC divisions, previously the world's second- and third-largest, is going better than expected, Zitzner said. The shares of Palo Alto, California-based Hewlett-Packard fell 71 cents, or 3.6 percent, to $19.30 in early afternoon trading. They have fallen 16 percent since the purchase was announced Sept. 3. Shares of Dell dropped $1.07, or 4.2 percent, to $24.17 and have increased 13 percent since Sept. 3. Posted as a reply to: Msg 132214 by fedup_period<<<