HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 19.36

+1.8%

Jan 29 3:59 PM EST

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To: Dwight E. Karlsen who wrote (2242)	5/15/1998 11:18:00 AM
From: cirrus	Read Replies (1) of 4722

I'm sure you would agree that HWP's Wednesday pre announcement, two days before scheduled earnings release, was bizarre, particularly for a widely held company. Pre-announcements are usually disclosed sometime into the Q, or perhaps immediately after if significant events occurred late in the Q. >>>You weren't hedged as of Wednesday, so if HP had announced the earnings shortfall any earlier, it's obvious you still would not have been hedged. The fact is, you took a chance that HP would not preannounce and did not buy puts. I don't see how you can be mad at them for preannouncing only two days prior to earnings, when you evidently weren't hedged prior to to Wednesday anyway.

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