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TECH BRIEFS

Hewlett-Packard Reports 2% Growth

March 22, 2001|Associated Press

Hewlett-Packard Co. said revenue growth slowed to 2% in the first quarter and probably won't improve for the rest of the year. The sales growth figure is a steep tumble from the 15% revenue growth posted last year and comes just months after HP Chief Executive Carly Fiorina predicted sales would grow by 17% this year. Shares of Hewlett-Packard closed off 8 cents at $29.23 on the New York Stock Exchange.

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