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Technology Stocks : Compaq
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To: gc who wrote (15724)1/30/1998 11:02:00 PM
From: Kevin Chesser  Read Replies (2) of 97611
 
GC, re: "The deal is pretty good, why is Street treating it so badly?"

I recall the street pushed CPQ from ~$108 to ~$98 per share in the days following the Tandem announcement. After the street's nervousness calmed and the arbitrage players were positioned, the stock rocketed to $125/sh in 9 days and then onward and upward.

I'm not necessarily suggesting the same here. But the street always reacts negatively to significant uncertainty (sell and ask questions later). This is a big acquisition...I have faith in management.

Kevin
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