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Technology Stocks : Compaq
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To: Leo Francis who wrote (1290)12/17/1996 4:52:00 AM
From: William C. Spaulding   of 97611
 
The Bear Report: Quote from MUEI's press release: <We
hope to have these component shortages resolved in
the second or third quarter of fiscal 1997." > This is NOT a good sign! Second or third quarter, 3 to 6 months from now.

Please understand, people, that earnings and outlook are not the sole determinants of stock price. All of the computer stocks will continue to decline along with the rest of the market. I predict that CPQ will be at 50 or below by mid-January. None of these stocks will have significant appreciation until the next earnings cycle, and only after declining substantially. This is not to say that they will not have up days. They will. But the trend will still be downward. IMHO!
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