Compaq Message Board - Msg: 14849404

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Technology Stocks : Compaq

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To: PCSS who wrote (86909)	11/20/2000 1:58:25 PM
From: Elwood P. Dowd	Read Replies (1) of 97611

Michael... You'll like this! Monday November 20 12:55 PM ET Stocks of Personal Computer Makers Fall on Downgrades NEW YORK (Reuters) - Stocks of personal computer makers fell on Monday after Wit Soundview cut its ratings on Dell Computer Corp. (NasdaqNM:DELL - news), Gateway Inc. (NYSE:GTW - news) and Apple Computer Inc. (NasdaqNM:AAPL - news) and on chip maker Intel Corp. (NasdaqNM:INTC - news). Analyst Mark Specker said the downgrades were based on weak demand uncovered in calls to dozens of computer stores across the country. ``Most of those who are closest to the consumer right now said (PC sales) were running at least 10 percent below their expectations,'' he said. ``That caused us to pull our ratings on Dell and Apple. ``For Gateway, the demand climate around them is weak, but then there are also some balance-sheet concerns.'' Specker said another reason for the Dell downgrade was to make a distinction between Dell and Compaq Computer Corp. (NYSE:CPQ - news). He said Wit Soundview's surveys had found that Compaq was favored by customers in the market for more powerful business computers, which PC makers are expanding into as PC sales growth slows. . . . .

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