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Technology Stocks : Compaq
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To: hlpinout who wrote (50923)3/2/1999 8:08:00 AM
From: QuentR  Read Replies (1) of 97611
 
DISCLOSURE LOSS $13 a share.

All investors of Compaq deserve to know more information about the company through press releases. I still do not see a press release on the recent sales shortfall. Last March 6th a similar situation occurred and there was a press release on the subject. compaq.com
Following the announcement the stock dropped about 3 points. From the February high to the March low the stock lost $10 a share. Earnings went from .42 a share to .01 a share. Now we see an earnings drop estimated to be .05 a share and the stock plummets $10 a share.

If it is true that information was shared only with a select few, you can see the disaster that resulted in stock prices. This select few started a panic selling that has dropped the price of the stock about $10 a share over the last three days. We still deserve a press release explaining the situation. Compaq is consistently under evaluated. By many projections this stock should be no lower than $45 after bad news. The difference is the "Disclosure Loss" that is running about $13 a share right now. If this article is true that the CFO is clueless that what he said would have this impact, management needs to wake up. A carefully worded statement with rationale for the shortage and expectations for the future could have cut the drop in value to a couple of dollars a share. Most analysts do not even reduce earnings for the year, and if so only by a few cents. Investors and the market need more disclosure. This "Disclosure Loss" needs to be eliminated with more press releases from management disclosing an accurate financial position of the company.
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