Stories by George A. Chidi Jr. and Sam Costello

Compaq issues warning, cuts 5,000 jobs

Compaq issued an earnings warning after the close of the New York financial markets Thursday -- the second in as many quarters -- projecting no growth for this fiscal quarter over the same period last year and lowered revenue. Compaq also said it would cut 5,000 jobs in a consolidation of its consumer and commercial product groups.