Compaq Message Board - Msg: 3743259

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Technology Stocks : Compaq

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To: Wally Mastroly who wrote (22280)	3/17/1998 6:00:00 PM
From: Chris McConnel	Read Replies (3) of 97611

In related news, Salomon brothers has reduced there 2nd Qtr eps from $0.38 to $-0.20 and year ending 12/98 from $1.32 to $0.32. They seem to be the first to predict a loss for 2nd qtr. They believe the 2nd qtr loss is the only way to reduce inventory to 2-3 weeks. Not real good news if you are long. May buy some puts tomorrow to hedge my leap calls. - Chris

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