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Howie... I agree! CPQ on a pre-split basis has dropped from 102 1/2 to 64 in less than 3 weeks. That's pretty radical! Means we're back to where we were a year ago last Fall! Since that time, CPQ has acquired and digested DEC, earnings have recovered, Av is about to be spun off, etc. The entire sector is being beaten down badly and I don't expect this to last. When earnings start coming in on target in a month or so, things will turn around. Most techs will recover most of their losses, but, true to form, CPQ will probably recover something less than half of it's loss putting it @ about 39-41 in Mid April, if earnings are okay and IF WE ARE LUCKY!!! But then, WHAT DO I KNOW!?!??!?!?!?!?! El |
