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February 21, 1989

HEWLETT-PACKARD DISAPPOINTS SUPER-BULLS

By CBR Staff Writer

Bullish analysts were counfounded by Hewlett-Packard Co’s fiscal first quarter figures (see Company Results), but Salomon Brothers’ Mona Eriaba was on the button with her suggestion of 83 cents a share. But Adam Cuhney at Kidder Peabody will have been disappointed: he had been going for 90 cents a share and looking for orders up 25% over those at the same time last year. The order figure was not in by the time we closed for press, but analysts believe that orders for the company’s Spectrum RISC architecture machines are particularly healthy.

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