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Technology Stocks : Compaq
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To: rudedog who wrote (26923)6/1/1998 1:47:00 PM
From: William Hunt  Read Replies (1) of 97611
 
rudedog --- Hewlett-Packard Co. (HWP) 62 3/8 +1/16: Gruntal & Co. reiterates "buy" rating on computer printing and services concern with 12-month price target of $80; after meeting with management following Intel chip delay, management feels that delay will have no impact on the company as company had already anticipated a slippage factor for new architecture, plans to move to PA-RISC generation before moving to Merced, and UNIX IA-64 is ready and customers already have 90% of its new features without recompiling; believes current conservative P/E of 25.8 represents a buying opportunity as peer group trades at an average of 35.3 times 1998 estimates.....

This firm has not made estimates in the last six qtrs - management has a credibility problem just as bad as CPQ management ---
WONDER when EP will speak up for shareholders to give analysts an idea of where the heck CPQ is headed --- If he doesn't talk about the future then the stock will continue this eternal slide of slow death

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