HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 22.52

-0.8%

11:38 AM EST

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To: William Partmann who wrote (1991)	4/13/1998 4:21:00 PM
From: Charles Tutt	Read Replies (1) of 4722

IMHO, HP has begun to run from challenges rather than engage them forcefully as it has traditionally done. Perhaps this began with the success of the laser printers, for which I believe much of the engineering was done elsewhere -- that model seems to have caught hold of HP's management and is being extended. E.g., the Surestore CD-R's are OEM'd. Soon even HP's CPU chips will be engineered elsewhere, and NT seems to be playing an ever more important role in their software plans. I've sold half of our HP shares, after much consideration. HP has been one of our best investments, but I'm not optimistic about its future. JMHO, of course, and not to be taken as investment advice.

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