Compaq Message Board - Msg: 8586195

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Technology Stocks : Compaq

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To: isdsms who wrote (55096)	3/29/1999 1:55:00 PM
From: rupert1	Read Replies (1) of 97611

Morgan Stanley comments boost boxmakers, hurt CPQ. From CBS marketwatch _________________________________ By Tiare Rath, CBS MarketWatch Last Update: 11:16 AM ET Mar 29, 1999 Silicon Stocks Tech Report NEW YORK (CBS.MW) -- Computer stocks got a boost Monday morning from tech bellwethers International Business Machines and Dell Computer as two analysts sung their praises. The Goldman Sachs Computer Hardware Index jumped 2.8 percent, led by a gain in Dell shares of 1 1/2 to 39 3/8 and a jump in IBM of 5 1/16 to 177 7/16. Compaq's stock inched up 1/8 to 31 3/8. Morgan Stanley Dean Witter's Gillian Munson said in a research note that "Dell (DELL) has a superior model for selling PCs," making the stock a "premium valuation," even though the personal computer industry is expected to slow. Munson's comments weren't as positive for Compaq Computer (CPQ). The analyst said the stock is probably a good buy in the long-term for investors, but its risk factor has increased as investors worry about the company's earnings. International Business Machines (IBM) was praised by SG Cowen analyst Steve Weber for moving its business toward software and services. Weber rates the stock a "strong buy" and said it "looks cheap vs. the market." He expects IBM's shares to hit $215 in the next six to nine months and $235 to $250 a share in the next 12 to 18 months.

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