Compaq Computer yesterday afternoon reported a third-quarter loss of US$120 million, compared to a profit of $557 million in the year ago quarter. Revenue dropped significantly as well, down to $7.5 billion from $11.2 billion in the year ago quarter., meanwhile, posted a net third-quarter loss of $58 million as revenues remained flat from the year ago quarter at $639 million. The etailer blamed the events of September 11 for sapping some $25 million to $35 million in sales.