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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (36174)	11/17/1997 10:48:00 PM
From: D.J.Smyth	Respond to of 58324

it's clear HWP would have met earnings estimates without currency fluctuation. they are putting currency checks in place to avoid such a 5% fluctuation in the future. iom already has such currency checks in place and have apparently handled the fluctuations well: news from HWP which you've no doubt read but bears reading again: Hewlett-Packard sets "ambitious" fiscal 1998 plans Reuters Story - November 17, 1997 17:22 %US %DPR %BUS %RESF %RES HWP V%REUTER P%RTR ------------------------------------------------------------------------ PALO ALTO, Calif., Nov 17 (Reuters) - Hewlett-Packard Co on Monday said it had "ambitious" plans to launch new technologies and carve out new areas of business despite uncertainty caused by Asian financial instability. Executives told analysts in a conference call monitored by Reuters that it was aiming for revenue growth in the "mid to high teens" in fiscal 1998 after several years of growing at about 20 percent annually. Earlier, Hewlett-Packard, which makes printers and other computer and electronic products, posted revenues of $42.9 billion in fiscal 1997, ended Oct. 31. "We've given our objective of mid- to high-teens growth as really a longer-term, steady-state, currency-neutral type of objective," one of the exectives told analysts. Robert Wayman, Hewlett-Packard's chief financial officer, said the company would face "somewhat greater uncertainty due largely to currency turmoil in Asia," although he said the company was working to reduce risk by hedging backlog and balance-sheet exposures. "Our plans for 1998 regarding growth are ambitious but realistic, and we see many opportunities for our business," he told analysts. The company's chief executive, Lewis Platt. said earlier in a statement that Hewlett-Packard was pursuing opportunities in several arenas, including electronic business, telecommunications and the home. Hewlett-Packard financial executives said they expected expense growth in the mid-teens "at least for the next couple of quarters," as the company invests for future growth. "It's still our objective to manage for operating margins for 10 to 11 percent," another analyst said in answering questions from analysts. "We will try to have a differential between top-line growth and expense growth that will achieve that bottom-line objective." Wayman said in his presentation to analysts that capital spending finished the 1997 fiscal year at $2.3 billion, well below the $2.6 billion the company initially earmarked at the outset of the year.