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Technology Stocks : Compaq
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To: Steven N who wrote (92479)8/9/2001 1:30:36 PM
From: Steven N  Read Replies (1) of 97611
 
GTW
UBS Warburg analyst Don Young believes PC maker may be throwing in the towel on Europe, following unannounced decision to begin scaling back operations on the continent... not clear at this time if GTW is completely exiting the market or just withdrawing manufacturing... European operations currently represent about 5% of revenues, but analyst does not think this market has ever been profitable for GTW... while continues to find company attractive on a valuation basis, thinks best option at this time is to sell the company.
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