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Technology Stocks : Compaq

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To: rupert1 who wrote (57122)4/12/1999 7:36:00 AM
From: dper  Read Replies (3) of 97611
 
<I think the Friday statement was disgraceful in its timing >

I am as disappointed as anybody in CPQ's poor results but I think that Friday after market release of earnings WARNING is appropriate. It gives time for cooler heads to prevail. Stocks will gap down next trading day regardless of day of week warned. Besides, why does everybody get so inflamed that they were not warned about the warning? I would rather my companies' managers spend their time running their primary business; quarterly earnings results and an early warning of a miss is enough investor relations. And after-hours announcements of earnings and warnings seems fair, given that many of us have day jobs and can't respond on a minutes' notice.

Just my 0.02. Flame away.

dper
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