Compaq Message Board - Msg: 7905908

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Technology Stocks : Compaq

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To: rupert1 who wrote (48856)	2/18/1999 9:04:00 PM
From: Elwood P. Dowd	of 97611

Jefferies' Hogan: The Worst Of Market Turmoil Is Behind Us NEW YORK (Dow Jones)--The stock market may be on its way to a comeback after several days of steady downward movement, said Jefferies & Co. analyst Arthur Hogan. "We don't have enough volume to confirm the downward move," he said in an interview with CNBC. Hogan said the cash that has flowed out of the market as a result of a recent technology sector selloff on valuation concerns is now sitting on the sidelines, waiting to go to work. As a result, it may be a good time to pick up some of the most established companies while their stocks are still cheap, he said. Among the potential bargains on the market, Hogan named International Business Machines Corp. (IBM), Compaq Computer Corp. (CPQ) and Intel Corp. (INTC). - Justin A. Oppelaar; 201-938-5175

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