Compaq Shakes Off Estimate Cut From Merrill - TheStreet

Compaq Shakes Off Estimate Cut From Merrill

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Compaq (CPQ) was up 3.4% in midmorning. Merrill Lynch analyst Steve Fortuna cut his 2001 earnings estimates for the PC maker to 35 cents per share from 45 cents, citing weak demand in the U.S. and Europe.

Other computer makers were mixed.

Dell

(DELL) - Get Report

was up 1.6%.

Hewlett-Packard

(HWP)

was down 0.9%.