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Aitch.... thanks for the reports! Having read them all, it occurs to me that the market really OVER-REACTED. CPQ is down 20% in 3 days and 31% off its recent high. Perhaps CPQ deserved to go to the woodshed for a serious talk and maybe even a whipping, but it didn't deserve to be shot! This, imho, IS different in many ways than last year(meaning not as bad), but got the same reaction, or worse, from Wall Street. Someone said on CNBC or somewhere yesterday that CPQ hadn't lost 6 points in one day in 10 years(I think). I see plenty off bullish sentiment in the reports that you posted, some of them almost apologetic, and not to shareholders, but to Compaq. Why??? Because the consensus is, as I read it, that there may not even be a shortfall and that, at worst, this is a short-term blip. I am not happy about all of this, but I am not gonna blame the powers at CPQ for intentional channel stuffing and am gonna look to a quick recovery, internet news, new pacts, a better than expected March with plenty of upgrades, and a summer rally. Doesn't this "blip" create a great entry point for ML(someone said here the other day that ML brokers are "telling" their clients to buy CPQ)if they follow up with an upgrade at earnings, which is only 45 days down the road. CPQ is a buy at this level. El |
