Compaq Slips on Cut Estimates - TheStreet

Compaq Slips on Cut Estimates

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Compaq (CPQ) slipped 0.3% after J.P. Morgan cut it EPS estimate on the personal computer maker to 50 cents from 62 cents for 2001 and to 85 cents from $1.00 for 2002. Morgan pointed to soft demand, weakness in Europe and the prospects of a worsening price war.

Dell

(DELL) - Get Report

was up 3.3%. Dell announced it was teaming with

Hart InterCivic

, a maker of products for electronic management of government and election data, to create usable, inexpensive voting systems. The company also released a simplified desktop computer and software package designed for control tasks in IT system administration.