February 14, 2002

Hewlett-Packard profit soars in 1st quarter

Author: JT Smith

A San Fransisco Chronicle story says that Hewlett-Packard Co. reported quarterly profits Wednesday that surged nearly 250 percent. The maker of printers and computers based in Palo Alto, Calif., reported net income of $484 million (25 cents per share) in its first quarter, which ended Jan. 31, compared with $141 million (7 cents) in the same quarter last year.

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