Hewlett Profit For Quarter Falls Below Expectations

Article Abstract:

Hewlett-Packard has reported a decrease in profits for the third-quarter ending July 31, 2003, and is predicting? disappointing earnings results for the current quarter which ends in October. The company also plans to eliminate another 1,300 employees from its international labor force. H-P attributes?profit losses to reduced sales of its personal computers that were sold at lower prices.?Sales of business server computers disappointed as well. Compared to last year's third quarter, operating profit margins dropped from 18%? to 14% this year. International sales did not seem as dire thanks to a weaker dollar. Wall Street had projected 26 cents per diluted share, according to standard accounting rules, but the company achieved only 23 cents in the third quarter.

Computer industry, Microcomputer industry, Hewlett-Packard Co., HPQ

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Some Trace Merck's Problems to Its Chairman

Article Abstract:

Long before they had to withdraw Vioxx from the market, pharmaceutical company Merck and Company Inc. hadn't been meeting expectations. Many blame chief executive Raymond Gilmartin's management decisions, including reducing research spending.

Product standards, safety, & recalls, Financial management, Management dynamics, Pharmaceutical preparations, Management, Product defects and recalls, Pharmaceutical industry, Company business management, Company financing, Vioxx (Medication), Pharmaceutical research, Merck & Company Inc., Gilmartin, Raymond

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