Lexmark Says Compaq Business Likely Gone

Lexmark

However, the printer maker and HP rival said Compaq only accounted for a small fraction of its overall sales. Lexmark made its remarks in a 10K filing with the SEC, made public hours after HP executives said they believed they had shareholder approval to merge with Compaq.

In its report, Lexmark said it has "advanced a strategy of forming alliances and OEM arrangements with many companies. One such company is Compaq . . . which represented less than 3 percent of the company's revenue in 2001, and the consummation of the HP/Compaq merger is likely to result in a loss of Compaq as a customer."

Last year, Lexmark reported $4.1 billion in sales, an increase of about $340 million over the previous year.

Shares of Lexmark traded at $55.90 on Wall Street at the end of day Tuesday, an increase of 44 cents.