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

To: Elwood P. Dowd who wrote (58742)	4/19/1999 3:46:00 PM
From: Jimbo Cobb	Read Replies (1) \| Respond to of 97611

CCB hanging on...up 1 1/4.... Jimbo.

To: Elwood P. Dowd who wrote (58742)	4/19/1999 3:48:00 PM
From: Night Writer	Respond to of 97611

INTERVIEW-Compaq says prices, dlr weigh in Europe FRANKFURT, April 19 (Reuters) - Compaq Computer Corp. <CPQ.N> was set to outpace European PC sales growth, but falling prices and a strong dollar were pressuring results, the head of the group's European operations said on Monday. "We assume that Compaq will win further market share in Europe," Andreas Barth, general manager for Compaq's European, Middle East and African activities, told Reuters. Barth said earlier this year that he expected personal computer sales to grow in Europe by at least 15 percent this year. But he said it was not unit sales but falling prices that created the biggest challenge, with a strong dollar adding pressure on sales and profits. Barth, speaking a day after the world's largest computer maker's two top executives stepped down, said the move did not have a direct impact on the management of the European business. "These are changes in the top management operation," Barth said. Compaq's president and chief executive Eckhard Pfeiffer and the company's chief financial officer Earl Mason stunned the industry by stepping down in the wake of the company's stern profit warning. The resignation came just nine days after Compaq said its first quarter earnings would fall 50 percent short of market expectations. Compaq said sales were also likely to be $500 million, or five percent, below Wall Street expectations. Barth and other Compaq officials deferred specific questions about first quarter earnings or the outlook for results until Wednesday when the group is due to report its first quarter earnings and comment on business developments. ((Tomasz Janowski, Frankfurt Newsroom +49 69 756525, frankfurt.newsroom@reuters.com)) REUTERS