For Compaq, A Different Kind Of Y2 K Problem

Revenues of $50 billion by 2000? Wall Street analysts say no way

Eckhard Pfeiffer isn't planning to let little things like price wars or weak demand for his core products slow him down. On Apr. 9, the Compaq Corp. chief executive stunned Wall Street with a disastrous announcement: First-quarter profits for Compaq Computer Corp. will be half as much as investors had been expecting, largely because margins are being squeezed by falling prices and because business customers have eased up on orders. But Pfeiffer remains bullish and predicts Compaq will reach $50 billion in revenues by 2000. "That doesn't throw us off," he insists.

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