Stock gains increase Compaq's Q1 earnings

Investment gains helped Compaq Computer Corp. (cpq) boost earnings in the first quarter.

The computer maker on Tuesday reported first quarter earnings of $281 million, or 16 cents per share, excluding profits from the company's strategic portfolio. First Call Corp.'s survey of 29 analysts predicted a profit of 19 cents per share for the quarter ended Mar. 31. Full story. -- Reuters