Compaq chief executive Michael Capellas has said that, should the merger with Hewlett Packard (HP) fail, the company will still outstrip analyst expectations of its performance for 2002.
Capellas told analysts and reporters of his confidence that the HP/Compaq deal would win shareholder approval when it comes to the vote in March.
Opposition to the planned merger among key HP investors has focused on the weakness of Compaq's PC business, which drifted into the red last year, and the brake which this could put on HP's earnings.
But according to Capellas, the firm's PC business will return to a long-term growth rate of five per cent as corporates look to replace PCs later in the year.
This growth in sales, combined with expanded demand for data storage equipment, servers, security assistance and services, will help lift Compaq well past expected earnings targets for the year, said Capellas.
He maintained that Compaq is set to earn 32 cents per share for the year, on a one per cent rise in sales to $34bn. The figure soared past Wall Street's consensus estimate of 25 cents a share earnings on revenues of $32.6bn.
But the estimates have been questioned by analysts given that they focus on the last half of 2002, when the planned merger with HP is likely to have been voted through or called off.
Could be used for everything from search-and-rescue robots to wearable tech
Don't require the rare material being mined from the mountains of South America
IBM hopes that its new tool will avoid bias in artificial intelligence
Found by calculating the strength of the material deep inside the crust of neutron stars