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Technology Stocks : Compaq
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To: Captain Jack who wrote (90950)4/27/2001 9:57:50 AM
From: MeDroogies  Read Replies (2) of 97611
 
I know Proxicom, a friend of mine works for a competitor that has been around about as long as them. His response was its a good company and a great purchase (on the cheap no less) for CPQ.
Due to the competition in this field, there's been a ton of near-bankruptcies. In short order, some very good companies will likely go the way of all flesh. CPQ is doing exactly what they need to do to strengthen their company with a purchase like this. They are taking advantage of the weak market and their strong cash position to improve their ability to move product.
Consolidation is starting to take place at a rapid pace now. An overall market rebound isn't far behind.
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