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Technology Stocks : Compaq
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To: Red Scouser who wrote (52216)3/9/1999 12:27:00 AM
From: Chris  Read Replies (1) of 97611
 
For the threads info

I have been checking on cpq analysts reports.
I only have access to a few, but I thought I'd mention once again how much ML must hate this company. They have done a full report on both HWP & Dell in the last week. CPQ only got a mere mention in their tech week in review.
They reiterated their lowering of estimates from 35 to 30 for the following reasons:

1) sales to SBM
2) devaluation of Brazilian currency
3) inventory management (oh no, not that dreaded inventory stuffing again)

This is probably why this stock languishes. Until it gets some respect from ML, it will probably just sit there.

Chris P.
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