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

To: CGarcia who wrote (32595)	9/9/1998 8:02:00 PM
From: David B. Higgs	Respond to of 97611

"And you sir, as well as I, will be poorer in the process ;)" I think we have found common ground.

To: CGarcia who wrote (32595)	9/9/1998 10:04:00 PM
From: Elwood P. Dowd	Respond to of 97611

The following is from the Yahoo board. Sorry if it's already been posted here. El Message 37450 of 37450 Reply Compaqs Sales in Latin America Faltering hlpinout Sep 9 1998 9:31PM EDT The good part is the comments about services and maintenance aided by the addition of DEC. Compaq's Financial Chief Sees Sales in Latin America Faltering Bloomberg News September 9, 1998, 6:57 a.m. PT Compaq's Financial Chief Sees Sales in Latin America Faltering Boston, Sept. 9 (Bloomberg) -- Compaq Computer Corp.'s sales in Latin America are slowing, Chief Financial Officer Earl Mason said, without giving a reason. As late as last month, the world's biggest personal computer company believed sales in the region were fine, Mason told analysts and investors at the SG Cowen 26th Annual Fall Technology Conference in Boston. Sales in North America and Europe, which account for 86 percent of Compaq's total revenue, are in ''good shape,'' Mason said. Sales in Latin America and Asia are ''marginal,'' he said. Houston-based Compaq expects to have $50 billion in annual sales by 2000. Compaq had revenue of $24.6 billion last year, while Digital Equipment Corp., which Compaq acquired in June, had $13 billion in sales in the fiscal year ended June 1997. Compaq has said it expects to fire about 17,000 workers, or 20 percent of its combined workforce with Digital, as it melds the two companies. A large portion of the job cuts will come this quarter, Mason said. The CFO said Compaq is focusing on ramping up its services business of installing and maintaining corporate computer systems. ''That was what I was really after when we acquired Digital,'' Mason said. Compaq fell 1/8 to 32 1/16 in early trading. CPQ: Quote \| Profile \| Research \| Insider This Is a Reply to: Msg 1 by YahooFinance <- Previous Message 37450 of 37450 Reply