A work force reduction is always a difficult decision, but we are confident that our overall cost reduction plan will help us emerge from Chapter 11 and make us more competitive in the marketplace in the long run. |
Although this is lower than our previous guidance, it still reflects strong year-over-year improvement, ... I remain very confident in the long-term strength of the information technology market and in Compaq's ability to be one of the clear leaders. |
Although this is lower than our previous guidance, it still reflects strong year-over-year improvement. I remain very confident in the long-term strength of the information technology market and in Compaq's ability to be one of the clear leaders. |
At current price levels, we believe Compaq's stock offers a tremendous investment opportunity for the company, |
At current price levels, we believe Compaq's stock offers a tremendous investment opportunity for the company. |
Clearly, we have some challenges in front of us, |
Compaq is the premiere Windows 2000 partner, and we believe this is one of the foundation platforms for the Internet economy. |
Creating a powerful alliance combining Cable & Wireless' strengths as a global IP (Internet protocol) leader with our Internet leadership is a tremendous advantage for our customers and a major step toward achieving our goals, |
During the second half of this year (1999) we took aggressive action to return Compaq to profitable growth, and fourth-quarter results reflect our initial success where it matters most - in the marketplace, |
If one thing stands out in the fourth-quarter results, it's the strength of our enterprise technology and solutions. This is where we see our most important growth in 2001 and beyond. |
In the first quarter, we recorded more than $1 billion in major account wins in the healthcare, education and travel markets alone, |
In the short term, the market remains volatile and thus difficult to predict with much certainty, ... However, we expect third quarter revenue to be in the range of $8 billion to $8.4 billion ... and earnings per share of 7 cents to 9 cents. |
In the third quarter, Compaq began to aggressively execute the actions we outlined in July. |
It goes without saying that the third quarter was one of the most challenging quarters ever for Compaq and for our industry. |
It is now clear that the economic slowdown is spreading overseas, and we will therefore move more swiftly and go even deeper in our structural cost reduction programs, |