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Technology Stocks : Compaq
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To: Nick who wrote (18808)3/2/1998 5:38:00 PM
From: TechMeister  Read Replies (3) of 97611
 
I nailed the culprit here:

Compaq faces price pressure

By Binti T. Harvey, CBS MarketWatch
Mon Mar 02 17:16:01 1998

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Shares of Compaq Computer Corp. (CPQ) may lose more ground Tuesday after the
computer maker revealed it is experiencing intense price competition in the current quarter.
Speaking at the Merrill Lynch's technology conference, the company said North America's
pricing environment has been more aggressive than expected. Concerns that lower prices
might whittle Compaq's gross margins drove the stock lower Monday afternoon. The
company also said it sees continued weakness in Japan and Asia. Shares closed down 1 at 31
1/8.
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