I might as well start this subject off with the stock market equivalent of a bedtime story, starting way back and ending with the birth day of Perspecta (PRSP): Once upon a time there was a large, established company called Hewlett-Packard, trading under the symbols HWP. Then an upstart, Compaq (CPQ), entered the personal computer space (along with a lot of others, like Zenith, Gateway, Dell, etc. etc.), going against the gorilla, IBM, beating the gorilla by offering the first 386 processor. Wow! The sound barrier for desktop speed had been broken (lol--I still have mine in a storage unit). For a number of years, CPQ shareholders were very handsomely rewarded [check old posting on the thread here for those good-old days]. HWP entered the personal computer space, too. Compaq was no longer in the sweet space, although it made fantastic notebooks. HWP took-out Compaq and changed their stock symbols to HPQ. Then HPQ itself split up into 3 companies. DXC was one--which itself has now spun-off, in combination with some other companies, Perspecta ( PRSP). Yes, this is simplistic, but enough for people to know PRSP has a proud heritage.
PRSP closes today: 24.55
Price range: 23.50 - 27.50
Morgan Stanley has started coverage of it as Overweighed, Attractive, with a target price of $45.00 |
