Compaq posts $US279M loss as sales fall

Compaq posts $US279M loss as sales fall

Compaq Computer last week reported a $US279 million second-quarter loss, as the company's revenue declined sharply on a year-to-year basis. Compaq said the second-quarter results include a $493 million restructuring charge to pay for new layoffs announced along with a reduced-expectations warning earlier this month. Net income from operations totalled $67 million during the quarter, compared with a $388 million profit in the same period a year ago, Compaq said.

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