Compaq Plans to Cut 1,500 More Workers.

Byline: John Pletz

Jul. 11--In a sign that weakness in computer demand may be spreading, Compaq Computer Corp. said Tuesday it would cut an additional 1,500 jobs as the company struggles to reduce costs to meet the reality of lower sales and profits.

That brings the total cuts announced since January to 8,500, or about 12 percent of its work force. Dell Computer Corp. has announced plans to cut 5,700 jobs, or about 14.5 percent of its jobs.

Until recently, sales overseas had helped offset the effect of the slowdown in the United States.

"We continue to see very aggressive pricing across all of our regions," said Jeff Clarke, Compaq's chief …