Compaq Says Will Post 4Q Profit, Not Loss

Compaq Computer Corp.

Compaq, the No. 2 personal computer maker, said it no longer expects to post a loss of 3 cents per share that it said it had issued as guidance and which, according to Thomson Financial/First Call, analysts were expecting.

Analysts were also expecting revenue of $7.63 billion in the fourth quarter, according to Thomson Financial.

Compaq is planning to merge with Hewlett-Packard Co. , but opposition to that merger by Hewlett and Packard family members has made that merger's completion uncertain.

In early New York Stock Exchange trading on Monday, Compaq shares were up 59 cents, or 5.2 percent, at $11.98.

id
unit-1659132512259
type
Sponsored post

Copyright 2000 Reuters Limited. All rights reserved.

Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters.

Reuters shall be not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.