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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (13880)	11/20/2002 6:43:15 PM
From: Jorj X Mckie	Respond to of 57110

18:40 ET HPQ Hewlett-Packard winning against Sun Microsystems (16.85 +0.30) -- Update -- On call, says its win rates against Sun Microsystems (SUNW) continue to accelerate... separately, HP says it is targeting areas with lower prices where it feels its competitive position is out of whack, but it is not engaging in a program of across-the-board price cutting... call just concluded 18:05 ET HPQ Hewlett-Packard thinks X-mas selling season to mirror back-to-school season (16.85 +0.30) -- Update -- On call, says it believes the Christmas selling season will be very much like the back-to-school selling season in that there should be some seasonal uptick, but altogether, HPQ is planning for a selling season that is about 1/3 below normal 18:01 ET HPQ Hewlett-Packard sees higher pension expense in FY03 (16.85 +0.30) -- Update -- On call, says pension expense will be materially higher in FY03 versus FY02 due, among other things, to changes in actuarial assumptions... for Q1 (Jan), says pension and retiree medical costs will result in a $90 mln incremental increase in expenses versus Q4 levels 17:50 ET BA Boeing to cut more jobs (31.73 +0.33) Reuters reporting that Boeing will cut 5,000 jobs in 2003; these cuts are in addition to some 1,200 to 1,500 announced by Boeing's services unit last month. 17:16 ET HPQ Hewlett-Packard doesn't see improvement in IT spending (16.85 +0.30) -- Update -- On call, says it doesn't see any meaningful improvement in IT spending or capital spending.... adds that it is not counting on a strong holiday buying season.... notes that it will spend most of time on today's call discussing Q4 (Oct) performance and that it will use its analyst meeting Dec. 3-4 to discuss its outlook, and industry outlook, in more detail.