Compaq Message Board - Msg: 7524553

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Technology Stocks : Compaq

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To: rupert1 who wrote (45759)	1/28/1999
From: BILL CHOW	Read Replies (1) of 97611

Victor: I don't think it was mentioned in the earning report. It was Tax credit Compaq got in the DEC merger. It is equivalent to 5 cents not 0.5 cents. I think the quarter is not as good as I had expected. The Revenue was close to target. The earning was in line considering the tax credit. Cash reserve is still at $4B. But the street were looking for top line not the bottom line. $10.8B missed EP's goal of $11B. The increase in % was misleading since that was compared with Compaq without DEC. The real growth was not that impressive. I have not sold a single share. I will add to my holding at this level. Cheers

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