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Event Brief of Q4 2002 Hewlett-Packard Earnings Conference Call - Final - Part 1.

The America's Intelligence Wire

| November 20, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Fair Disclosure Wire)

CORPORATE PARTICIPANTS . Carleton Fiorina, Chairman & CEO . Robert Wayman, Executive VP & CFO OVERVIEW HPQ reported 4Q02 revenue of $18b, up 9% sequentially. Pro forma EPS beat consensus estimates at $0.24. GAAP EPS was $0.13. HPQ met or exceeded its integration targets and affirmed Wall Street consensus estimates for 1Q03. Q&A Focus: Price reductions, balance sheet, outlook. FINANCIAL DATA A. Key Data From Call 1. 4Q02 revenue = $18b 2. Pro forma EPS = $0.24 3. GAAP EPS = $0.13 PRESENTATION SUMMARY S1. 4Q Highlights (C.F.) 1. 4Q results come six months after launch of merged company. 2. HPQ meeting or exceeding all integration ...

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