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Technology Stocks : Compaq

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To: PCSS who wrote (49618)2/25/1999 10:46:00 AM
From: rupert1  Read Replies (1) of 97611
 
Michael: I promise to stay - until I sell. Seriously, I think we are now moving into the "end times" to borrow a phrase. Earnings appear on the distant horizon, but are visible enough to catch the attention. We have market surveys coming up, more AV rumours, new product news and, in my opinion a market that is in its third and final leg of a correction - or has just had it: when it bounces this time it will be to a higher plateau. From there we will start building the price to $50 and after that to $55 by earnings and possibly $60 intraday.

I don't really care if the PC vendors will have difficult times a year or two years from now . In the first place I don't think a ML analyst is the best person to ask and in the second place there is a universe of stocks to buy if the PC sector begins to go cold in a year or so. CPQ, especially, will be much more diversifed and may already be benefitting from AV in 6-12 months. I maintain my prediction that CPQ will be $75 in August-October,1999 and will move higher in December-January.

And I hope CPQ gives us long-suffering shareholders free shares in AV.
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