PROCOM TECHNOLOGY(PRCM) Message Board

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Technology Stocks : PROCOM TECHNOLOGY(PRCM)

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To: Ram V who wrote (165)	11/18/1997 10:22:00 PM
From: Jimmie Huynh	of 373

To all: Today's drop might have something to do with Deutsche M.G. & Lehman's lowering their ratings on Western Digital. Below is an excerpt from Briefing.com : Computer Systems & Peripherals Brief: Hewlett (-5/8) held up relatively well given that company's earnings fell 2 cents shy of street expectations... Market appears willing to look past temporary increase in operating expenses and focus on the generally positive sales outlook... Bear Stearns reiterated its buy rating on Compaq... Disk drive stocks back on defensive after Deutsche Morgan Grenfell and Lehman Brothers lowered their ratings on Western Digital to hold and neutral, respectively... Lehman also cut FY98 estimates to $1.60 from $2.00 citing guidance by company on its second half FY98 performance at Comdex trade show in Las Vegas. jimmie

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