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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (51043)3/2/1999 12:15:00 PM
From: Kenya AA  Read Replies (1) of 97611
 
El: If I believed the "positive spin" on this whole mess, I would say that CPQ RIGHT NOW is worth 42. But that doesn't do me any good since obviously the street doesn't believe the positive spin. Do I think CPQ is going to 23? NO - I just used that figure because that is where CPQ has previously (2X) "bottomed" so that would obviously be a great place to buy. I said before that my prediction of 50 before 4/1 was assuming that CPQ was being straight about the revenue/earnings outlook, but now that is in question. The street does not like UNCERTAINTY and that is EXACTLY what CPQ has provided.

I don't know where CPQ is headed right now - that's why I'm not buying or making price predictions yet. I want to hear how the PIII is doing first. I want to hear from INTC.

I'm starting to sound like Jimbo??????? Since he's a pretty smart cookie, I'll take that as a compliment.

K
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