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

To: PCSS who wrote (2503)	1/31/2003 2:18:46 PM
From: The Duke of URL©	Respond to of 4345

I heard that but that is the kind of news we like to hear. HP must take decisive action to cut costs in the combined entity. But then there was Dan Niles, who said something was weak, and oh, yeah...the law of unintended consequenses and that global thermonuclear war thingy.

To: PCSS who wrote (2503)	1/31/2003 2:24:49 PM
From: The Duke of URL©	Read Replies (2) \| Respond to of 4345

"NEW YORK (Dow Jones)--Hewlett-Packard Co. (HPQ) shares fell 6% after an influential analyst lowered his projections for the company's second-quarter results. Lehman Brothers analyst Daniel Niles wrote in a Friday research note that H-P's sales declined more than he expected in January, particularly in the U.S. The steeper-than-expected decline didn't affect H-P's ability to meet expectations for the first quarter ending Friday, but will hurt the company's performance for the second quarter ending April 30, he said. Niles expects second-quarter revenue to decline 5% from the first quarter, compared with the 4% slide he had previously anticipated. He took his earnings estimate down to 26 cents a share from 27 cents for the second quarter. For the quarter ending Friday, he left his earnings estimate of 27 cents a share unchanged. Recently, H-P shares were down $1.08, or 5.9%, at $17.12. Volume was 17.6 million, compared with the daily average of 13.3 million. "