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Compaq Announces 2001 Q4 Preliminary Results Exceed Expectations
HOUSTON, TX -- Compaq Computer Corporation (NYSE: CPQ), a leading global provider of enterprise technology and solutions, today announced that its fourth quarter 2001 results would exceed previous guidance and current analyst expectations. The company's revenue for the fourth quarter will exceed $8 billion, yielding a profitable quarter. Previous guidance and consensus estimates for the fourth quarter were revenues of $7.6 to $7.8 billion and a loss of $0.03 per share. "These results represent strong execution and Compaq's solid momentum in the marketplace," said Michael D. Capellas, Compaq chairman and chief executive officer. "I am extremely proud of our employees and their continued focus on our business and our customers." The company will announce full results for the quarter and fiscal year 2001 on January 16, 2002, and will hold its regular conference call on that date.
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