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Technology Stocks : HWP -- Hewlett Packard
HPQ 19.92+4.7%2:44 PM EST
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To: lizardK who wrote (2775)11/25/1998 3:34:00 PM
From: Neil Mintz  Read Replies (2) of 4722
 
Richard,
My reasons for HWP price deterioration are pretty simple,
1] Increased competition on all fronts = lower gross profits. This is true for all the players, but HWP is not a low cost producer.

2] Investors have better places and "sexier" stocks to put their money into.

I could go into more details, but I'll stick with the simple reasons. I might mention that I own HWP at 67 and recently sold covered calls Dec at 60 strike.
Do you think HWP could be a takeover target for anyone. I am always suspicious when these "consultants" are hired.
NEIL
Neil
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