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Technology Stocks : Compaq
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To: Salah Mohamed who wrote (81922)5/3/2000 6:17:00 PM
From: rupert1  Read Replies (2) of 97611
 
Salah: I don't know what El "indicated" because I use the ignore button for his postings, as he knows. But if he is playing the old gramaphone record he used to play 15 times a day, for the better part of a year, it is still as cracked as it always was. El initiated a telephone call to me at my home for a private conversation. I have read some very strange versions of parts of that conversation on here ever since.

I never raised the Alta Vista issue in my post - I referred to an article which dealt with the issue of companies using their capital to create investment porfolios and how Wall Street deals with this.

There was a time when there were obsessive posts on this thread, perhaps every few minutes, keeping track of the value of the CMGI investment as it rose. There was even recognition that it may have been an error to have lost the benefits Alta Vista, but the value of the CMGI investment outweighed the error. The value of those investments are reduced now by at least 50%. Yet there has been no comment from those who thought the value of CMGI was worth obsessive tracking.

I notice your intemperance rises every time CPQ's share price declines in value. I would have thought you had got used to it by now.

I don't know why you or anyone should be interested in my trading record. I have several times tried to correct El's bitter propaganda. I have been trading CPQ since 1994/95. During that time I have profited from it. Sometimes I make a bad trade. I made a very bad purchase early in 1999 on the basis of positive statements being made at the time by the CFO and CEO - as did many others here. Those COMPAQ statements were not true and the company has been sued over them. The CEO and the CFO have been effectively sacked. The money I used to make that purchase was taken from profits I had accumluated over the years from COMPAQ trading. After that purchase I traded actively and eradictated my loss and am now in profit.

Rather than gloating over this piece of ancient personal history perhaps you should take it as a caution not to become too worshipful of the public relations statements of the company.
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