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Technology Stocks : Compaq
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To: PCSS who wrote (44347)1/20/1999 2:40:00 PM
From: Michael Young   of 97611
 
From Paine Webber:

<<<<

· Meanwhile, the recovery in the PC channel is far
from over. It appears that even with the boost in
fourth quarter PC production, channel inventories
continued to fall and production rates remain below
sell-out rates. Some of the strongest y/y growth
rates are likely to be generated in the March and
June quarters because it is these same periods that
experienced the greatest PC production rate
reductions in 1998.
>>>>>>
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