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Technology Stocks : Compaq
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To: Andreas who wrote (18769)3/2/1998 4:11:00 PM
From: Mohan Marette  Read Replies (1) of 97611
 
Andreas: Possible explanations.
1.Profit Taking in the tech sector,hardly none of the majors are spared.

2.Long bond I hear,has tested 6% or a little bit above,thereby making
it a bit more attractive and besides bonds are heck of a lot safer and
6% is not bad for the big-guys who already made a ton of money in the
stock market.

3.Sell programs

However I don't think the ML technology conference in which CPQ participated has much to do with it. I don't expect Eckhard to know the sales figures for Feb yet,my god it's only March 2nd,what do those idiots expect??? It takes a little while to close the books and come up with the numbers.

Just some thoughts,I could be wrong.
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