Compaq Message Board - Msg: 17316014

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Technology Stocks : Compaq

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To: Lynn who wrote (97083)	4/11/2002 8:25:00 AM
From: Elwood P. Dowd	Read Replies (1) of 97611

>>>HUGE Dell DOWNGRADE! Ouch! by: mitchellvii Long-Term Sentiment: Strong Sell 04/11/02 06:49 am Msg: 280389 of 280393 UBS ups Apple, cuts Dell unit sales est. (AAPL, DELL, GTW, HWP) By Emily Church UBS Warburg upgraded Apple Computer (AAPL) overnight to a 'strong buy' from a 'hold' and cut its 2002 unit shipment forecast for Dell Computer (DELL) to reflect 16 percent year-over-growth to 19.7 million units, down from an earlier estimate for 29 percent growth on a cautious stance on corporate IT spending. The broker also took down its fiscal 2003 revenue estimate on Dell by 2 percent to $33.8 billion. Dell shares were slightly lower in Germany at $26.49 in small volume. UBS said it upgraded Apple on optimism over the PC's makers new products. The broker raised its June and September quarter earnings per estimates to 16 cents and 20 cents from 14 cents and 16 cents respectively. The broker also raised its 12-month price target on the stock to $30.50 from $23. "We doubt that Apple will meet March quarter expectations because of the supply constraints and rapid channel stocking very late in the quarter - but we believe this is somewhat expected and will be overshadowed by the second half earnings outlook," analyst Don Young told clients. Man that's gotta hurt! A 50% haircut in estimates!<<<

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