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Technology Stocks : Compaq
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To: Pruguy who wrote (38723)12/5/1998 12:14:00 AM
From: Night Writer  Read Replies (1) of 97611
 
Pruguy,
Good evening to be a little sloshed. I keep a note sheet with stock price at a 20 PE at different earnings. 1.80 puts us between 35 and 37.5. I have thought for some time CPQ could make $1.80 at the bottom of the range in 1999. $2.00 is a more reasonable number IMHO. That puts stock at $40 on a 20 PE. If earnings projection is upped to $2.00, I'm betting we trade at a 30 PE and $60 a share.
NW
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