Loki,
As others have found and noted here, the reporting staff at CNBC are generally not reliable and seem grab the first plausible explanation for a rise or fall of a particular issue. I think they need more time to do better research before going on camera. That is a fault of CNBC to be pushing for scoops and analysis before facts percolate to the top. They are trying to compete with daytime TV? I usually get it more accurately by reading info in WSJ or IBD, et. al. in a day or two.
I believe CPQ will make the numbers, albeit 2Q numbers have a history of being lower than 1Q numbers (from hpeace, a long time CPQ follower). Europe is strong, commercial accounts is strong. Asia is not a major buyer of CPQ..... IMO, the purported "warning" is some amateur reading something into a "no-show" for Mason. Who knows why Mason couldn't be there?
I am a long term investor who makes additional money in CCs. I make consistent yearly money off compaq (and others). I have well better than double in compaq returns in the last year(includes premiums from 8/9 profitable cc writes). I got called out once on 1500 shares because of failure to close position when option expired at strike. Bought them back next monday and sold calls the next week. So, you can see that I am convinced compaq will be doubling in the next year or so (from 30). I don't intend to sell compaq (or MSFT, CATP, & CSCO). I wish I had more free capital now.
Thanks for listening
RW
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