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Technology Stocks : Compaq
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To: Sonki who wrote (19039)3/3/1998 4:47:00 PM
From: robbie  Read Replies (2) of 97611
 
Sonki and all: Quick recap of Mon. @ noon until today @ 4pm:

1. Lunch yesterday - I'm in a good mood - CPQ is ~33 1/2.
2. Someone mentions something about WSJ article written by some consultant which states that CPQ acquisition of DEC could be the end of a shining star. I get my WSJ with lunchtime mail, read the article, call bulls*** and get back to work. Still in a good mood.
3. Word gets out that CFO Mason at ML meeting stated things going poorly in Q1. Search the net turning on all available BS filters and find that he actually said pricing "a little more competitive" than he thought. Discover that unit sales up for Jan 90+% and revenues up 25+% over prior year. Also discover that Mason would not speculate on Feb #s because they weren't in yet (would you guess?) and said he was comfortable with estimates if March sales weren't disappointing.
4. Lucy basically calls press conference and announces she will comment on CPQ and Dell on Tue. morning.
5. ML downgrades CPQ to accumulate but maintains their long-term buy rating. Says next two months hold some uncertainty for Compaq.
6. Todays close ~29 3/4. #1 through 5 above have knocked almost $4 off the share price. Let's see - according to Yahoo 1.5B shares outstanding * 4 = Six billion dollars knocked off of Compaq's market value from lunch yesterday until 4pm today.
Now tell me people, are an article written by a consultant, a mention of pricing being a little more competitive, & Lucy worth six billion dollars? So.....I bought more. Now I'm in a good mood again. <gggg>

Robbie
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