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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: harkenman who wrote (63603)6/18/1999 9:51:00 AM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
Chicken Little...... thanks for the advice, but I'll probably hold. You can crawl back into the woodwork now. El



To: harkenman who wrote (63603)6/18/1999 9:51:00 AM
From: Steven N  Read Replies (1) | Respond to of 97611
 
happy mothers day
sn



To: harkenman who wrote (63603)6/18/1999 10:45:00 AM
From: louis mason  Read Replies (2) | Respond to of 97611
 
Looks like this company is trying to be more like Dell. Funny- i remember some idiots in here a few months ago claiming that the two companies could not be compared because CPQ had little use for the home sales market PC's... nice call!

"Friday June 18 1:22 AM ET
Compaq To Post Loss, Cut Jobs, Stock Volatile
By Denise Duclaux
NEW YORK (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) Thursday warned of a second-quarter loss as pricing pressures slammed its business, but the world's biggest personal computer maker unveiled a restructuring plan that included job cuts and heavy investments in
Internet and telephone sales.
Compaq's share price tumbled then recovered as investors tried to digest news of the unexpected loss and the promise of a leaner computer giant.
Shares of Compaq have fallen more than 50 percent this year as the Houston-based company shocked Wall Street
with a slack first quarter and a string of executive departures.
"This is absolutely a ship in a storm without a captain,'' said James Meyer, an analyst at Janney Montgomery Scott
Inc., a Philadelphia brokerage firm."

lmason