Compaq Message Board - Msg: 565730

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Technology Stocks : Compaq

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To: Leo Francis who wrote (1447)	12/18/1996 12:14:00 PM
From: hpeace	of 97611

LEO..REMEMBER I TOLD YOU THAT THE STREET MAY NOT SPARE CPQ DESPITE THEIR 5 ACES... THIS IS EXACTLY FOR MERRIL SAYS ABOUT THEIR 17% PULL BACK IN CPQ STOCK...87 TO 72 12/18/96 11:33 am... COMPAQ COMPUTER (CPQ 75-1/8) UP 2-7/8, MERRILL REITERATES NEAR, LONG TERM BUY... Analyst Lucianne Painter tells salesforce CPQ has been weak recently in sympathy with technology sector; with stock up some 70% year-to-date, it likely target for profit taking... Notes this is also period of skittishness over PC sales... Points out that consumer segment of CPQ's business this quarter will be roughly 2% of profits, 10%-15% of revenues... Feels very comfortable that co. met or exceeded its plan for consumer PCs this year... Says CPQ is her year ahead focus stock; would use weakness as buying opportunity... Sees $4.75 '96 EPS, $6.40 '97./J.Holloway

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