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Compaq Quarter - Better than Thought.(1st qtr 2002)(Statistical Data Included)

Publication: The Online Reporter
Date: Monday, April 22 2002

In what might be its very last quarter as an independent company, Compaq posted first-quarter revenues of $7.7 billion and net earnings of $44 million, three cents a diluted share, four cents if one excludes $35 million in merger-related expenses.

Market consensus was for a penny, but it's still nothing to write home about although the company is generally pleased. By comparison last year Compaq did 13 cents in Q1 on revenues of $9.2 billion

Compaq CEO Michael Capellas bragged about new contracts and contract extensions.

Its gross margin worked o

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