Computer firms expected to post mixed results for latest quarter

Article Abstract:

Companies in the computer industry are expected to post a range of mixed earnings for the quarter ended Jun 30, 1992. IBM will likely earn a profit of $772 million on revenue of $15.75 billion, up 6.7 percent from the same period during 1991. Industry observers expect IBM to continue a work force reduction. DEC continues substantial layoffs, and is expected report a loss of $153 million on $3.5 billion of revenue. HP can credit brisk printer sales and a work force reduction for an expected profit of $282 million on earnings of $3.96 billion. Compaq's low-priced line of microcomputers have performed well and analysts expect a profit of $15 million on revenue of $800 million. Apple's strong sales of its PowerBook line of portable computers as well as price reductions on other products has resulted in an expected profit of $131 million on earnings of $1.74 billion.

CPQ, AAPL, HWP, Growth (Physiology), DEC, Cost control, Growth, Cost Reduction, Market, Financial Report, Losses

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Computer firms to post strong sales growth: but makers of big systems likely to report losses for the fourth quarter

Article Abstract:

Analysts predict that most microcomputer manufacturers will report strong sales growth in 4th qtr 1992, while most mainframe makers will report losses and falling sales. Dean Witter analyst Jay Stevens predicts that IBM's revenues will fall 8.8 percent to $20.03 billion and says that IBM may cut its dividend 50 percent to 75 percent. Merrill Lynch analyst Dan Mandresh predicts that IBM's operating loss for the quarter may be as high as 50 cents. Analysts predict a loss of 90 cents to $1 for DEC. Analysts generally agree that Apple will post marked gains in revenue, but differ on whether earnings per share will improve from 4th qtr 1991. Apple has been troubled by inability to meet demand for its hugely powerful PowerBook portable computer. Analysts also predict increased revenue for HP and Compaq.

Profits, Statistics, Revenue, Profit, Industry Analysts, Fourth Quarter

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Off-line: among those baffled by technology are lots of stock analysts; often when they say 'buy,' shares have plummeted; IBM is the latest case

Article Abstract:

Stock brokers are wary of picking high technology stocks, and some are avoiding them altogether. Traditionally, these stocks have been volatile, and in 1989 the stocks have lagged behind the overall market by a wide margin. Sluggish sales of computers and software and the possibility of a recession are a few reasons the stocks are doing poorly. Stock brokers and some investors have declared that the stocks have become alarmingly unpredictable, with projections coming nowhere near a company's actual performance. On Sep 28, 1989, IBM alarmed investors by reporting that it expects sharply lower earnings for the current quarter, due to product transitions and the strength of the dollar.

Purchasing, Stocks, High technology, Securities, Stock markets, Securities industry, Purchases, Stock Market, Stock, Decision Making

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