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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (87848)12/13/2000 1:36:44 PM
From: Kenya AA   of 97611
 
Compaq (CPQ) 19.07 -1.70: -- Update -- ING Barings downgrades to BUY from STRONG BUY rating and price target of $30. Says that the company has been successful in regaining end-market momentum, returning PCs to profitability and has extended its core Intel server dominance; however despite significant strides company is back where they started; firm expects aggressive pricing through the period of softer spending which will likely cloud the outlook for PC stocks and limit talk of upside for another few months, but notes that CPQ still remains one of the firm's favorite stocks.
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