Hewlett-Packard's profit disappoints

Article Abstract:

Computer company H-P has announced disappointing earnings for the quarter ending Oct. 31, 2000. Although earnings were up to $922 million, over last year's $760 million, Wall Street analysts said that H-P's earnings amounted to 41 cents a share, 10 cents less than forecasted. H-P has also called off its acquisition negotiations for the consulting arm of PricewaterhouseCoopers. H-P CEO Carly Fiorina says there is no single reason for the shortfall and apologized to investors for the results and H-P's inability to foresee them.

Speeches, lectures and essays, Fiorina, Carly

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Hewlett-Packard is in talks to buy consulting unit

Article Abstract:

PricewaterhouseCoopers LLP has confirmed that it is in talks to sell its information technology and management consulting practice to Hewlett-Packard Co. The acquisition would cost H-P between $17-18 billion in stock and cash. The immensity of the purchase has investors worried, but H-P would profit from the acquisition by having to depend less on hardward sales.

Asset sales & divestitures, Acquisitions & mergers, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Company acquisition/merger, Accounting firms, Accounting services

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Analysts debate whether Gateway's fall is a portent

Article Abstract:

The personal computer industry may see a fall in sales if Gateway's latest profit reports foretell the future. Gateway and other PC makers are feeling that their sales for the 2000 holiday season are going to fall although some investors and analysts think they may be overreacting.

Analysis, Gateway Inc., GATE, Financial analysts

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