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Technology Stocks : Compaq

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To: rupert1 who wrote (38400)12/3/1998 1:37:00 PM
From: JungleCat  Read Replies (1) of 97611
 
Wasn't sure if this had been posted yet.

RESEARCH ALERT - Compaq raised

NEW YORK, Dec 3 (Reuters) - Robertson Stephens said Thursday that analysts Daniel
Niles and Alex Mou have raised their rating on Compaq Computer (NYSE:CPQ - news)
(NYSE:CPQ - news) and increased their price target.

-- raised rating to a strong buy from buy.
-- increased price target to $50 from $40.
-- cited record November units, record holiday sales.

-- New direct program and higher mix of enterprise and service business ''should help increase Compaq's gross margin to
30 percent.''

-- believed ''street high Q4 EPS estimate of $0.40 has upside based on units and that FY99 EPS has upside as well.''

-- Compaq shares at 38, up 1-3/8.
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