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Technology Stocks : Compaq
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To: John Chen who wrote (69829)10/25/1999 4:50:00 AM
From: rupert1  Read Replies (1) of 97611
 
I wonder how Dan Niles is going to explain away this from the market research reports out this morning:

"Looking to the fourth quarter, both firms agree that the final period should be strong, with the expected uptick from the holidayshopping season.

``We don't see the IBM Y2K issue in the rest of the year,' Brown said, referring to IBM's announcement last week that its fourth and first quarter earnings would be hurt by slower spending as customers stop buying new systems and fix older equipment ahead of the Year 2000.

``It caught us by surprise as it did the market because we haven't gotten any signs from any other vendors that it was a major issue,' Brown said. ``It's not something we feel is industrywide.'
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