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Technology Stocks : Compaq
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To: KENNETH R SANDERS who wrote (12057)12/24/1997 8:34:00 PM
From: Stevefoder   of 97611
 
Kenneth R., The Tandem deal closed on Aug. 29 for 100% stock. If the six month rule is in force, then a stock buy back could start in just two months.

On 9/30/97 Compaq's current assets were $11.9 billion and current liabilities were $5.4 billion. Not only that the current assets contained $6.0 billion of cash and short term investments. Also, positive cash flow has been excellent!

I find it hard to believe that in the next 3 to 4 months that Compaq will not do one of the following:
1. Announce a major stock buy back program by open purchase and/or purchase options for the same effect.

2. Buy out some other company.

My expectations are that there will be a major buy back of stock. Any buy out of another company would be a small outfit if any. I expect that folding Tandem into the company is big enough not to be trying anything else like that soon.

I expect that if Compaq does announce a major buy back program soon the stock price should reflect that nicely.

Any other opinions out there on this subject?
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