Compaq results: Oh, dear

From The Register: “Compaq has been hit with a hefty Q3 loss – worse than the market expected, and
the market wasn’t expecting much – in the first results the company has posted
since announcing its takeover by Hewlett-Packard.

Compaq says Q4 will be equally bad.

The computer giant has posted a net loss of $499 million, compared with a profit of
$557 million in Q3 2000.”