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Technology Stocks : Compaq

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To: Night Writer who wrote (45410)1/27/1999 5:06:00 PM
From: Martin Goldenberg  Read Replies (1) of 97611
 
Don't know if this has been posted yet....so many posts in one day. Apparently the actual earnings were only 38 cents. 5 cents of earnings were added as a non-recurring gain. So CPQ beat estimates by only 1 cent and not by 6 cents.

But so what, why worry about the daily moves, this stock is still a buy and has every chance of going to the $60 plus range.

We had losses last year. A change from a loss to significantly positive earnings is not too shabby.

CPQ is not a DELL but its puffing smoke and appears to be building momentum. Moving a heavy weight takes a little time.

cbs.marketwatch.com

All the best,

Martin
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