HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 20.37

-1.2%

Jan 16 9:30 AM EST

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To: Chihcheng Hsu who wrote (2550)	8/8/1998 1:12:00 PM
From: Dale J.	Read Replies (1) of 4722

What really matter to the stock price is the future growth, isn't it. Yes, that is the key. HP is showing strong growth (at the expense of IBM) in the high end 64bit hardware. That is where margins are highest. And HP, unlike SUNW is much more diversified. HP's Printer business (printer, ink cartridges, paper) accounts for a large percentage of HP's revenue. They also have a strong consumer component business. An example is HP's LED business, which has now grown to over a billion in revenue. They should show strong growth in the emerging digital photography market. And as the PC market corrects HP should benefit from higher margins. If you do a technical analysis on HP's stock price, you just don't see any bottoming (no increase volume in any reversal day and volume pick up in every down day). Risky stock. That's what was said about Intel. I bought on June 4 at 68/shr. Many were forecasting the stock to bottom at 60, 50 and even 40. It bottomed at 65/shr, just a few days after I bought it and it is now at 86/shr. Next week will be critical. They announce earnings on August 17.

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