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Compaq Announces 4,000 Job Cuts

July 10, 2001

HOUSTON (AP) _ In its second wave of staffing cuts this year, Compaq Computer Corp. said Tuesday it was trimming 4,000 more jobs, bringing the total number of workers it plans to cut this year to 8,500.

The announcement, made after trading closed on the New York Stock Exchange, came as the Houston-based company assured investors its second-quarter earnings will meet the Thomson Financial/First Call analysts’ consensus of 4 cents per share.

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