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Technology Stocks : Compaq
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To: Mohan Marette who wrote (18908)3/3/1998 12:07:00 PM
From: Jim Patterson  Read Replies (7) of 97611
 
Well Gang, This hurts.
Lucy has down graded CPQ.
Why ?
January sales slow. (Read the channel was stuffed)
Competitive pricing. (Read Lower ASP's and a price war)
Lack of Visibility. (Read Back end loaded quarter)
Gross Margin Pressure (Read lower ASP's again)

Now where have we heard anything close to this ?

Did I say that CPQ stuffed the Channel in the 4th Q ?
Did I point out that Revenue in the 4th Q was light ?
Did I say that CPQ had an inventory problem ?
Did I say it was possible for CPQ (& DELL) to make the 4th Q but the 1st Q is when the $#^! would hit the Fan ?
Did I say that the Rally was unjustified IMO ?

So in a nut shell, it would appear that I was more or less on the money on just about every thing I talked about going into earnings.
Well Ya'll had a laugh as the stock rallied 15-20%,
Well....Don't worry, all of the comments that have come out in the last 2 days don't mean the stock will go down, after all CPQ is in the PC business, the greatest thing ever.
And what does Lucy P. really know anyway? I guess ya'll will just stop paying attention to her since she is no longer saying what ya'll want to hear.

This reminds me,
Did I also comment on a change in Lucy's tone and comment's in here reports ?
Did I say something about thinking that she may be becoming less enthusiastic about her table pounding buy ?

For those that don't know, The answers to all questions are YES.

Jim

That was fun :)
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