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

To: The Duke of URL© who wrote (1581)	8/2/2002 1:35:32 PM
From: GST	Respond to of 4345

Sorry -- I got my wires crossed and posted to you by accident. I was discussing the prospects for tech companies and he noted the ray of hope in pc's -- I was noting back to him that pricing is an issue because margins are already pretty low.

To: The Duke of URL© who wrote (1581)	8/2/2002 4:30:50 PM
From: Elwood P. Dowd	Read Replies (3) \| Respond to of 4345

National Semi blames HPQ for their shortfall and HPQ shares tank. National Semi cuts outlook for quarter By Chris Kraeuter, CBS.MarketWatch.com Last Update: 6:04 PM ET Aug. 1, 2002 SANTA CLARA, Calif. (CBS.MW) -- National Semiconductor, its stock down almost 50 percent during the previous two months, said late Thursday it will not achieve its financial goals for the quarter. The chipmaker cited weaker-than-expected order rates for personal computer products and related accessories such as monitors. Specifically, National said major customers Hewlett-Packard (HPQ: news, chart, profile) and Compaq, newly merged, stopped ordering products for a time during June while they integrated their businesses. The combined entity has resumed ordering products. Overall, weekly order rates did improve during July and National said they currently are more consistent with expectations. Although CFO Lewis Chew said it is too early to comment about the next quarter, the second-quarter order backlog is building satisfactorily. For the quarter ending in August, National expects to remain profitable on sales of approximately $419 million, flat with its previous quarter. The chipmaker had previously expected a profit of 6 to 9 cents a share on sales between $444.7 million and $453 million, or growth of 6 to 8 percent. Analysts surveyed by Thomson Financial/First Call had expected earnings of 8 cents a share on revenue of $441 million, on average. Ahead of this announcement, National (NSM: news, chart, profile) shares closed down 5.4 percent to $17.13 -- a three-year low. At the beginning of June, which was the start of National's first quarter, shares traded for $30. Actual results will be reported on Sept. 4. Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco.