Compaq Message Board - Msg: 8980399

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Technology Stocks : Compaq

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To: Ram Seetharaman who wrote (58352)	4/17/1999 12:24:00 PM
From: hlpinout	Read Replies (1) of 97611

Good Day Ram, No problem here. See the article states: BOSTON (Reuters) - In a major strategy shift, the nation's largest mutual fund last quarter cut back on big technology investments that helped fuel top-tier returns and contributed to the stock market's heady rise above 10,000. Obviously they are not referring to Compaq. ---------------------------------------------------------------------- Kidding aside, the article does not refer to Compaq directly but "overvalued" stocks and in most quarters Compaq is not considered overvalued. The article doesn't even state that they hold Compaq but referred to the decreased earnings mentioned by CPQ earlier. This is typical momentum swings and means some of technology is out of favor. Reality has been setting in on the hardware sector for awhile now and none of this is unexpected as we head into the spring early summer (not typically a hot time for pc sales although I am not sure of servers). Maybe Magellen is buying Compaq now that it is a deal. hio

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