Dr, Victor,
Piper Jaffray's Kumar Talks on Compaq, Intel:
Analyst Comment
Bloomberg News
June 8, 1999, 4:39 a.m. PT
Minneapolis, June 8 (Bloomberg) -- U.S. Bancorp Piper
Jaffray analyst Ashok Kumar talks about Compaq Computer Corp.,
Intel Corp. and Conexant Systems Inc. Kumar spoke with financial
news network CNBC.
''Compaq is up 45 percent year-to-date, the consensus
estimate for the June quarter is about 22 cents, and we think
that's too positive. There is a chance they could post an
operating loss for the quarter, and there could be another
disappointing quarter ahead.''
''Intel, for the June quarter, is on track. We're looking at
a 3 percent to 4 percent revenue drop. If you look at it from a
product-cost perspective, the Celeron line should stabilize at
about 35 percent of the company's products.''
''Conexant's growth segment represents about 50 percent of
its revenues, it should expand to about two-thirds. We think that
while the stock trades at a rich valuation, it's one of the best
places to put money in the semiconductor space.''
This article failed to mention that Kumar thought is was at least
partially due to contra revenue.
And if that weren't enough, Maria just said DLJ lowers 99
numbers for CPQ and others (didn't have time to read them all)
including DELL and SUN. Year 2000 numbers remain and these lowered
estimates due to Y2K.
Great Day... not,
hio |
