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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (57657)4/13/1999 7:24:00 PM
From: Michael Kucera   of 97611
 
El: good article on CPQ but again shareholders should wonder: where is the money. Like everyone else, I used to own CPQ b/c of their (long ago) profit-making way of business. EP is NOT a very big shareholder of cpq. (Dell has something like 360 Million shares of his company, i believe). They should be announcing the firing of earl Mason today and the spinoff of AltaVista at earnings time. who knows what they will really earn this year but I suspect that it will be way under the consensus #. Cpq was not as cheap as everyone thought, and management knew this quarter was not kosher way back at the time of the CC and they LIED to everyone. Now wall street will punish them, and sadly the well-meaning shareholders will suffer the most.
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