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Technology Stocks : Compaq
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To: JEFF GREGERSON who wrote (22639)3/20/1998 1:14:00 PM
From: Stephen  Read Replies (1) of 97611
 
Jeff, the comparison between the networkers, 3Com/USR & Ascend/Cascade, probably has limited use here. You are right that all the networkers were depressed in value, including Cisco, last spring. Then the momentum changed and they all soared to very high levels. Ascend and 3coms have fallen back, but Cisco has since gone from strength to strength ... and the reasons for that are various, but being the leader in its field is one of them. The reason I raised the 3com issue is that their profile was well managed at a difficult time and that more than anything else changed the momentum in the stock price. They just kept putting out news. The same could easily be done for Compaq until earnings or more substantive positive news. Thats all I had in mind.
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