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Technology Stocks : Compaq
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To: MeDroogies who wrote (72987)12/1/1999 6:08:00 PM
From: rupert1  Read Replies (1) of 97611
 
If you mean this I think the next move up would be the 5th or 6th since the beginning of the summer knocking at the top of the trading range: I was not referring to the date, I was referring to the 5th or 6th time that the share price has moved to the top of the trading range since the beginning of the summer.

With reference to your point that the last earnings announcement was a positive surprise, I would agree, but with a qualification. It was a positive surprise only because the previous two quarters had produced negative surprises, thereby causing a radical lowering of estimates for the 3Q. Still and all, it was a necessary first step to CPQ becoming another INTC or MSFT by "managing" (or "murdering") expectations.
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