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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (39526)	4/29/1998 2:46:00 PM
From: rudedog	Read Replies (1) \| Respond to of 176387

I made the same mistake when I first ran the numbers - you are using the year end numbers for both companies, but CPQ only had Tandem for 5 months, so the employee count needs to be adjusted.CPQ had 13,500 employees in Q1, 16,000 in Q2, 23,500 in q3 (Tandem added) and 26,800 in q4, did not reach the 32,565 number until near the end of Q1 98. I ran it both ways - averaged employees and used that against total revenue, and did quarter by quarter analysis and averaged results, the numbers were about the same. Another almost valid way would be to include Tandem's revenues for the first 2 quarters in the total but that's probably not right either. Also Dell is on a different fiscal calendar than Compaq so I used calender year instead of fiscal year. But Paul's point is the most valid - none of this has anything to do with performance or future success.