Andreas, it is with temerity that I'm responding because you do sound like you're pretty fed up with CPQ, and you also sound like you're tired of listening to all the BS here. I agree with you that we are probably not going to see any analysts start up the stock with a buy recommendation any time soon (DLJ was the only one)...they always seem to recommend buys after the stock has clearly entered an uptrend. In the long run, it'll be the company that drives the stock price. Now this is just my humble opinion, but Compaq's inventory problems/product mix caused this spate of bad news, yet at the same time they are right now in the process of fixing it. The stock may go lower, who knows how low, but eventually the market will turn and move in step with Compaq's future performance. In my experience it's always been like that and it always will be. They make good computers, and they are still very good at marketing them...I think that Compaq's bad news has run its course, and if the broader market brings it down some more, those broad market drops will be easy to make up once Compaq's strategy is made clear. Every drop past 28 (give or take) was due to some other company's misfortune, and wasn't Compaq specific. If DEC warns, then we'll probably see another drop, even though in my mind it wouldn't be Compaq specific, because CPQ will restructure DEC. DEC today said that part of the strategy will be to keep DEC's 6 billion dollar service business. Thank you for listening to my epistle.
E.H.F. |
