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Technology Stocks : Compaq
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To: William Hunt who wrote (27657)6/13/1998 3:19:00 AM
From: NickSE  Read Replies (1) of 97611
 
Thread,

"....some of the technology names are getting very interesting. One in particular is Compaq (CPQ). We're looking at it very closely, and indeed bought a few shares. Compaq is a fallen angel. They had a big inventory problem. It seems to be kind of washed out. The stock is in the high 20s, and many [earnings] estimates for next year for north of $2. So if those estimates are anywhere near correct, they're starting to look like a pretty good value."

---Vince Farrell, Chief Investment Officer at Spears, Benzak, Salomon and Farrell (Portfolio Managers)

Source: CNN

Regards,
Caisson
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