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

To: hlpinout who wrote (59982)	4/28/1999 7:12:00 AM
From: rupert1	Respond to of 97611

Morning hio: I got the article but it is a mystery. It is about DEC in India and reads as though it is not COMPAQ-proper, even though it talks of selling itself to COMPAQ, in the future. I suspect that this is an anomaly. Perhaps it is good news. It might suggest that DEC Indian has not yet been bought but soon will be and these revenues will be consolidated with those from COMPAQ's other DEC acquisitions. Maybe rudedog could have a look at this. ____________________________ April 27, 1999 Dow Jones Newswires India's Digital Equipment 3Q Net INR29.5M Vs INR108.7M Dow Jones Newswires Digital Equipment India Ltd. - Bombay 9-Months Ended March 27: All figures in rupees (INR). 1999 1998 Net Profit INR127.2 mln INR218.4 mln Sales 1.84 bln 2.40 bln Other Income 11.1 mln 27.6 mln Total Expenditure 1.63 bln 2.12 bln Interest 8.9 mln 4.5 mln Depreciation 30.5 mln 42.4 mln Tax 50.8 mln 42.0 mln ($1=INR42.84) The company said it earned a net profit of INR29.5 million for the third quarter ended March 27, down from INR108.7 million from the same period in the previous year. BOMBAY -- Digital Equipment India Ltd. said Tuesday it earned a net profit of INR127.2 million for the nine months ended March 27, down from INR218.4 million for the corresponding period in the previous year. The company also said that it will sell its domestic computer products and services business to Compaq Computer India Private Ltd. The sale will be for INR830 million in cash and a non-compete fee of INR50 million, the company said in a news release. The non-compete fee is the fee paid for not competing in the business which it sold to Compaq. It is valid for three years. After this restructuring, the company will be a focused software and services exports company with cash resources of INR1.50 billion for funding future growth, the company said. Shares of Digital Equipment closed at INR324.50 on the Bombay Stock Exchange Monday, down INR28, or 8%, from their previous close of INR352.50. The market was closed Tuesday.