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Technology Stocks : Compaq

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To: rudedog who wrote (26025)5/11/1998 2:07:00 PM
From: William Hunt   of 97611
 
rudedog ---Thanks ---looks like the fundamentals are changing ---Monday May 11, 1:37 pm Eastern Time
RESEARCH ALERT - Computer hardware targets raised
NEW YORK, May 11 (Reuters) - Salomon Smith Barney said Monday analyst John Jones raised target prices on server and enterprise hardware computer companies.
-- In a note provided by Salomon, Jones cited strong fundamentals, despite weakness in Asia, for the actions.

-- Said believed the group ''is finally experiencing a (price to earnings multiple) expansion...''

-- Kept earnings estimates unchanged on the group.

-- Raised Hewlett-Packard Co (HWP - news) target price to a range of $87-$95 per share. Said H-P had ''the strongest fundamentals of the group.''

-- Formerly had H-P target price at $78.

-- Raised International Business Machines Corp. (IBM - news) target to $148-$153 a share from $145.

-- Raised Lexmark International Group Inc. (LXK - news) target to $71-$74 from $68.

-- Raised Sun Microsystems Inc. (SUNW - news) target to $56-$58 from $55.

-- Raised Unisys Corp. (UIS - news) target to $25-$27 from $24.

-- Raised LeCroy Corp. (LCRY - news) target to $32-$40 from $32.

-- Raised Sequent Computer Systems Inc. (SQNT - news) target to $24-$26 from $24.

-- Raised Stratus Computer Inc. (SRA - news) target to $60-$66 from $55.

-- Raised Tera Computer Co. (TERA - news) target to $15-$20 from $15.

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