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

To: kemble s. matter who wrote (80804)	11/16/1998 5:39:00 PM
From: jhg_in_kc	Read Replies (2) \| Respond to of 176388

HWP only grows revenues by 4%, Dell by 51%. it goes up , Dell goes down, wherel's the outrage as bob dole woujld say? PALO ALTO, Calif. (CBS.MW) -- Hewlett-Packard handily beat analysts' estimates in its fourth-quarter report Monday, but the positive earnings came on revenue growth of just 4 percent.. H-P (HWP) after the market closed Monday recorded fourth-quarter earnings before extraordinary expenses of $880 million, or 79 cents a share. Wall Street expected the computer and printer manufacturer to make 74 cents a share during the quarter, according to First Call. H-P earned $806 million, or 75 cents a year ago and 58 cents in the previous quarter. Breaking NewsDow hovers at 9000 in thin tradingSmoke clears in $206 billion tobacco settlementAvTel shares scream back to EarthSeagram shakeup: Studio chief oustedStockwatch: Comdex, in defense of Lynch and moreMore top stories...CBS MarketWatch ColumnsUpdated: 11/16/98 3:50:48 PM ET The company's profits from operations did not include $170 million, or 11 cents a share, in charges for its voluntary severance offers and writedown of products. The positive earnings should come as no surprise to some analysts. Last week, BancBoston Robertson Stephens' Daniel Niles upgraded Hewlett-Packard to "buy" from "long-term attractive" and forecast an upside surprise in the report. But the earnings came on sales growth of only 4 percent. H-P's total sales were $12.2 billion vs. year-ago revenue of $11.8 billion. U.S. revenue rose 4 percent to $5.7 billion, while European sales grew 15 percent to $4.2 billion. Sales in the Asia-Pacific declined 20 percent. H-P said 53 percent of its sales came from outside of the United States during the quarter. Analysts forecasted positive revenue growth in 1999 ahead of the report, however. "We believe that revenue, which slowed to 5 percent year over year, can return to near 20 percent growth levels in 1999 as PCs servers and printers rebound following the inventory pricing issues in the first half of 1998 and driven by new products," Niles said. Looking ahead, H-P expressed caution. "Although our business in Europe is showing improvement, the environment in Asia remains weak, and there are signs of slowing in parts of Latin America," Chief Executive Lewis Platt said in a statement. "Our challenge in the new year is to restore robust and profitable revenue growth across the company," he said. On the upside during the quarter, H-P said its Pavilion home personal computers, NetServer systems, LaserJet 4000 printers and ScanJet 4100C printer sales were strong. Some desktop computers and OmniBook notebook sales were strong but were hurt by lower selling prices. The company's cost of goods before special charges jumped to 68.4 percent from 66.4 percent in the year-ago period. Cost of products sold in the third quarter was 68.4 percent. Shares gained 13/16 to 66 1/6 ahead of the report. Tiare Rath is a reporter for CBS MarketWatch. Search our news archives: (For more options use our Advanced search) SymbolKeyword CBSMW MarketPlace "Electronic Day Trader" and more... Save 20-40% off list at the CBSMW Bookstore! Download free trials of business software! Personal Finance There's never been a better time to lock in a mortgage rate at GetSmart! Free Products/Trials Check out Baseline's Free Company Report of the week. Free trial subscriptions to investment newsletters. Free annual reports for hundreds of companies. FRONT PAGE NEWS INDEX HEADLINES COLUMNS MARKET DATA GLOBAL MARKETS MARKET MONITOR CHARTING PORTFOLIOS MUTUAL FUNDS WEALTH CLUB STOCKCHAT TRADING CENTER INVESTOR'S PRIMER FEEDBACK ADVERTISING COMPANY INFORMATION CBS MARKETWATCH RT CBS MARKETWATCH LIVE © 1998 MarketWatch.com, L.L.C. All rights reserved. Disclaimer. MarketWatch.com is a joint venture of CBS and Data Broadcasting Corporation. CBS and the CBS "eye device" are registered trademarks of CBS Inc.