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Technology Stocks : Compaq
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To: Lynn who wrote (49765)2/26/1999 11:54:00 PM
From: Night Writer  Read Replies (4) of 97611
 
Lynn,
Nice research on Gateway free internet service. The offer amounts to nothing.

I've been traveling all day. Wish I had gone to bed rather then peeking at the market action and seeing this.

Merrill Lynch computer analyst Steve Milunovich cut his 1Q
earnings estimate for COMPAQ COMPUTER (35, down 6 @ 9:47 ET) to
$0.30 per share from $0.35 per share previously, his office said
on Friday. No further details were immediately available. The move
comes a day after Milunovich commented in a research note that the
PC industry's long-term revenue growth rates may be slowed by
price wars and growing customer demand for lower-priced computer
systems. He said the trend could spell trouble for Compaq rival
Dell Computer Corp. However, he had noted that PC demand and
stocks "should be fine in the near term." Milunovich has held a
neutral rating on Compaq.

NW
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