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Technology Stocks : Compaq

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To: The Duke of URL© who wrote (93979)	12/6/2001 11:28:25 AM
From: Elwood P. Dowd	Read Replies (1) of 97611

Cowen's Chu: Good Shape without HP by: skeptically 12/06/01 10:12 am Msg: 262881 of 262906 MARKET TALK: Without H-P, Compaq Seems In Good Shape 12/06 9:35 AM (DJ) Story 3585 (CPQ, HWP) Edited by Ray Hennessey Of DOW JONES NEWSWIRES (Call Us: 201 938 -5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 9:35 (Dow Jones) Despite uncertainty surrounding the merger of Hewlett-Packard (HWP) and Compaq (CPQ), SG Cowen analyst Richard Chu says Compaq is tracking to meet or even "modestly exceed" its revenue and earnings expectations for the fourth quarter, which Chu called conservative. When Compaq reported third quarter results, it targeted revenue between $7.6 billion and $7.8 billion and a loss of three cents a share. Chu, who maintained his buy rating on shares of Compaq, says the company is maintaining "strong strategic momentum" in its industry standard server and storage businesses. (DLF)

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