Compaq said yesterday [Monday] that it would cut another 2000 jobs worldwide, adding to the 5000 job losses it announced earlier this month.
The firm said that it had made a profit of $200m, excluding restructuring fees and investment gains ($78m including these factors), on revenues of $9.2bn for the first three months of the year.
The figures were slightly lower than analysts' expectations. For the same period last year, Compaq reported a profit of $296m.
The positions are expected to go as the firm consolidates its commercial and consumer PC divisions. This year, the firm has lost its status as global PC market leader to Dell, but is still top in Europe.
Compaq has said that servers, storage and services will becomes the main focus of the company's operations in the future.
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