Article Abstract:
Earnings for 4th qtr 1999 of personal computer manufacturers may be lower than expected due to a worldwide shortage of computer chips and a reduction by corporations of budgets allocated for Y2K. For instance, Gateway has already announced that its revenue for the period would be lower by $150 million from lower Y2K sales and delayed chip shipments from Intel. Likewise, IBM said that its 4th qtr 1999 sales would be lower than what has been forecasted.
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Article Abstract:
Compaq Computer Corp CEO Michael Capellas is working on revitalizing operations at the world's biggest computer manufacturer. In a satellite broadcast to Compaq's global units, Capellas reiterated the need to reestablish the operation of the company, which is currently suffering from competition. The executive is seen to be staging a turnaround for Compaq, after the firm accumulated losses of $3 billion.
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Article Abstract:
Dell Computer registered a net income of $462 million, or 17 cents per share, for 1st qtr 2001, 1% down from its net income during the same quarter in 2000. Robust sales of corporate servers helped boost Dell's revenues to $8 billion, up by 10% from the year-ago period. During the same quarter, Dell became the world's largest maker of PCs, surpassing Compaq. However, its stock fell by $1 to $24.88 per share during after- hours trading on May 17, 2001.
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