Compaq Message Board - Msg: 8075971

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (50449)	2/28/1999 11:41:00 AM
From: hlpinout	Read Replies (1) of 97611

El, this is from post 50195 But Compaq spokesman Jim Finlaw denied that weak sales of commercial PCs during the first six weeks of 1999 had spurred an industry oversupply glut. ''Inventory is doing well,'' he said. ''We saw slow demand in North and Europe,'' Finlaw said of January sales. This was partially offset by what he said was strong demand in the Asia-Pacific region, including China and Japan, and ''okay'' demand in Latin America. The spokesman was relating comments Compaq Chief Financial Officer Earl Mason first made Thursday in response to a question from a group of investors visiting the company's Houston headquarters. Mike Kwatinetz, a CS First Boston analyst who was among the group visiting Compaq Thursday had said in a research note published Friday that weak demand among Compaq's network of PC distributors may be a factor in the recent soft PC sales. He wrote: ''Since Compaq appears to have had a shortfall in January, the question arises: ''How is the industry doing?'' In retrospect, Dell and HP's slight revenue shortfalls may have been more of an industry issue than we previously believed.''

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