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Technology Stocks : Compaq
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To: uu who wrote (21807)3/14/1998 4:30:00 PM
From: Jack T. Pearson  Read Replies (1) of 97611
 
Addi,
I agree, CPQ has taken a beating. Tech stocks tend to over-correct, and, IMHO, CPQ has over-corrected. I also believe CPQ is close to the bottom. I suspect that Compaq management's warning, though serious, covered a bit more than their inventory problem. When they get the inventory cleared out and state that things look better in the future, CPQ should recover nicely.
Jack
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