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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: robbie who wrote (14371)	1/21/1998 1:35:00 PM
From: hpeace	Read Replies (2) \| Respond to of 97611

thread, NEW YORK, Jan 21 (Reuters) - Compaq Computer Corp expects strong results in North America and Europe to offset any weakness the company experiences in Asia over the next six months and allow it to maintain solid earnings growth, its chief financial officer said Wednesday. Earlier, Compaq reported fourth-quarter net income rose 37 percent to $667 million, or $0.84 per share, from $487 million, or $0.63 per share in the same period a year earlier. The company's earnings per share, which beat First Call's consensus analyst estimate by a penny, were driven by strong gains in North America and Europe, both of which produced unit sales gains of 52 percent. Those increases came as unit sales declined in Japan by 16 percent and in Asia by one percent. "When you look at the first quarter and even the second quarter, I see that same type of thing happening, where you've got good performance out of North America and Europe offsetting the Asia stuff," Compaq CFO Earl Mason said. "Actually, more than offsetting."