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Technology Stocks : Compaq

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To: AUSSIEMAN who wrote (10776)12/10/1997 8:21:00 PM
From: Maxer  Read Replies (1) of 97611
 
Aussieman-- Also under water with compaq, but not as far as you. I doubt this is the mother of corrections. Compaq is selling well here in US. Economy is excellent. Earnings ratio of 17 for '98 CPQ earnings, at price of 60.

Asia problems should easily be made up by European growth. Should make estimates easily which will pull up price. If you can hold on for 5-6 weeks you stand a better chance of breaking even, if that is all you want. I'm in for the very long run.

I got a bunch of new stuff from PWebber that I'll post later.

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