Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Friday, March 16, 2001, updated at 14:32(GMT+8)
World  

Compaq Cuts 5,000 Jobs

Compaq, the world's number one maker of personal computers, issued a profit warning and announced plans to cut 5,000 jobs Thursday after being hit by a PC price war.

The firm slashed its earnings predictions for the first quarter of this year by about a third, less than two months after reporting a 55% rise in profits for the last three months of 2000.

Some analysts had predicted 18 cents per share, Compaq now told them it would be more like 12 or 14 cents.

The job cuts will affect about 7% of the giant's staff and will come as its commercial and consumer PC operations merge in an effort to slash costs.



















In This Section
 

Compaq, the world's number one maker of personal computers, issued a profit warning and announced plans to cut 5,000 jobs Thursday after being hit by a PC price war.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved