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Technology Stocks : Compaq

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To: Steve Fancy who wrote (3869)7/8/1997 5:24:00 PM
From: hpeace   of 97611
 
News Alert from MarketScope via Quote.com
Topic: Compaq Computer Corp
Quote.com News Item #3327211
Headline: STOCKS IN NEWS,COMPAQ COMPUTER *****

======================================================================

7/8/97 3:55 pm.. DOWNGRADING COMPAQ COMPUTER (CPQ 119****) TO ACCUMULATE FROM
BUY... Share price has appreciated 24% since we upgraded to buy nearly 4 months
ago... Remain positive on prospects.. see 20% annual EPS growth over next 5
years, spurred by continued growth in PCs, by better product mix from CPQ's
solid expansion into high-end products for enterprise customers, and by cost
savings from reengineering efforts and build-to-order strategy... However, at
15 times our '98 EPS estimate of $7.70, upside to our $135 12-month target now
smaller. /M.Graham Hackett
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