Scumbria, >>>CPQ 2:38PM 30 13/16 +11/16 +2.28% 16,733,200
DELL 2:43PM 35 25/32 -2 3/32 -5.53% 44,403,800
What does it mean?<<<
To me, it means that Dell stock has been the hottest tech stock in the 90s, fueled by 50% or so revenue growth per year and very nice earnings too. They now look to be finally slowing down to thirties or so growth, so the stock naturally corrects. It's P/E was much too high. Compaq stock has been oversold recently, reflecting their negative P/E ratio and not so good predictions for this Q by the analysts. I don't know if there is any more news out about the two companies. If not, Compaq being up could be called a dead cat bounce.
On a side note, I personally think Compaq was way, way out of their mind, on an ego trip by their CEO or something, to have bought both DEC and Tandem in the same year. Hard enough to digest one large company in a year, much less two.
Tony |
