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


To: rudedog who wrote (25144)4/28/1998 6:49:00 PM
From: NickSE  Read Replies (1) | Respond to of 97611
 
Compaq says product "flowing out fast"
Tuesday, April 28, 1998 05:20 PM

NEW ORLEANS, April 28 (Reuters) - Compaq Computer Corp's efforts to trim inventory by slashing prices is having the desired effect, Compaq Chief Executive Eckhard Pfeiffer said on Tuesday.

"This quarter, product is flowing out fast," he said in a news conference at the CA-World 1998 technology conference.

Pfeiffer said figures compiled by International Data Corp showed that Compaq's share of the U.S. market leaped 4.5 points to 17.3 percent in the first quarter alone.

"(That's) the biggest jump of any PC manufacturer in the United States, bigger than Dell or HP or anybody," he said.



To: rudedog who wrote (25144)4/28/1998 7:11:00 PM
From: William Hunt  Respond to of 97611
 
rudedog --- thanks for the input

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BILL



To: rudedog who wrote (25144)4/28/1998 7:58:00 PM
From: William Hunt  Read Replies (1) | Respond to of 97611
 
rudedog -- Will CPQ make a profit in the second qtr ?
My understanding is that they are totally PII in production now . Assuming they are able to sell the out of date inventory at cost will be they be able to generate enough profit to compensate for the downtime ? (Assuming the PII systems are not part of the inventory problem )
THANKS
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BILL