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HP cuts 2003 forecast

Published on .

San Francisco--Hewlett-Packard Co. revised its sales forecast for 2003 due to continued economic uncertainty. HP trimmed its revenue projections to a 2% to 4% increase in 2003 from an earlier projection of 4% to 6%. HP also stated it would realize savings of $3 billion from its merger with Compaq Computer Corp. a year ahead of plan.
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