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October 14, 1998

COMPANY RESULT: COMPAQ COMPUTER CORP

By CBR Staff Writer

Compaq Computer Corp has reported third-quarter net income down 77.8% at $115m on revenue up 35.8% at $8.79bn. Earnings per share for the quarter fell 78.8% to $0.07. Nine-month net loss was $3.5bn on revenue up 17.7% at $20.3bn, compared to net income of $1.19bn, or $0.76 per share, last year. The nine-month results included $3.23bn in acquisition charges and $393m in restructuring and asset impairment charges.

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