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Technology Stocks : Compaq
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To: Dave Krishna who wrote (20179)3/7/1998 12:01:00 AM
From: J. David  Read Replies (2) of 97611
 
I agree that CPQ is oversold but there's still a lot of uncertainty surrounding the company. First of all, CPQ has yet to present their plans for integrating DEC. Also, following the COMS case, the government will look at CPQ's DEC acquisition writeoff very carefully possibly limiting the amount that CPQ could otherwise charge. Lastly, as you mentioned, CPQ stated that they are cautious on Q2 as well. Perhaps this sets up the company to surprise on the upside but I have to believe that CPQ is dead money for the next few months...not likely to have anything more than some short term trading opportunities.

I suspect that by the second half of '98 the Asian economies, to some degree, will be on the rebound while the DEC acquisition benefits will have become more evident and the inventory problems corrected.

I'm long CPQ but see no point in kidding myself. That always costs money. Best of luck.
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