Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PCSS who wrote (717)	6/4/2002 9:45:03 AM
From: PCSS	Read Replies (3) \| Respond to of 4345

Hewlett-Packard sees 2H FY 02 revs of $35 bln-$36 bln BOSTON, June 4 (Reuters) - Hewlett-Packard Co. (HPQ) said on Tuesday that it expects revenues in the second half of fiscal 2002 of $35 billion to $36 billion and then growth of 4 percent to 6 percent in fiscal 2003. In documents posted on the company's Web site that coincided with an analyst meeting in Boston, Hewlett-Packard also said that it expects revenues to grow 7 percent to 9 percent in fiscal 2004. HP also said that it sees gross margin in the second half of fiscal 2002 of 25 percent to 26 percent. In fiscal 2003, HP sees gross margin of 25 percent to 26 percent and in fiscal 2004 sees gross margin of 25 percent to 27 percent. The company also said that it sees operating margin of 3.5 percent to 5 percent in the second half of fiscal 2002. HP Chief Executive Carly Fiorina also said that she doesn't intend to take an increase in salary until after HP employees get increases. That won't happen until after the company is finished cutting jobs, she said. HP has slated 10,000 job cuts before November 1 and another 5,000 in 2003. She said employee salaries have already been frozen.