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To: RetiredNow who wrote (66005)8/12/2004 2:10:49 PM
From: Amy J  Read Replies (1) | Respond to of 77400
 
Well, HP missed and along with increased oil prices, brought the market down:

biz.yahoo.com

"U.S. stocks slide as H-P misses, oil sets new highs
Thu 1:48pm ET - CBS MarketWatch
Stock losses deepened Thursday afternoon as Wall Street suffered another one-two punch from technology and crude as Hewlett-Packard served up disappointing numbers and crude spiked to records.
....
Hewlett-Packard was the Dow's biggest decliner, skidding 17 percent after the computer hardware giant (NYSE:HPQ - News) said it earned 24 cents a share, excluding one-time items, in its fiscal third quarter, below the average analyst estimate compiled by Thomson First Call of 31 cents.

Looking ahead, the company expects fourth-quarter earnings of 35 to 39 cents a share, below the average analyst forecast of 43 cents a share. "

Regards,
Amy J