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Layoffs accompany earnings, warnings

Dell, HP miss analyst estimates, as Emachines posts a wide loss. Dell announces its first-ever layoffs, and Nortel blames its layoffs on the U.S. economy.


Dell, HP miss analyst estimates, as Emachines posts a wide loss. Dell announces its first-ever layoffs, and Nortel blames its layoffs on the U.S. economy. Dell falls short of estimates, lowers projections
update The PC giant misses analyst estimates by a penny only hours after announcing layoffs, the company's first major layoff since its founding in 1984.
February 15, 2001 3:45 p.m. PT 
HP hits earnings target, warns of slow growth
update The company matches lowered analyst expectations for its first fiscal quarter but tells investors to anticipate only single-digit growth in revenue this year.
February 15, 2001 1:55 p.m.  
Emachines posts a wide loss
Losses for the maker of low-cost PCs fall within the company's own lowered expectations but contrast sharply with results from a year earlier.
February 15, 2001 3:25 p.m.  
U.S. economy blamed for Nortel warning
update The Canadian communications equipment powerhouse issues a profit and revenue warning, blaming the slowing U.S. economy for slow sales.
February 15, 2001 3:35 p.m.