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

To: Elwood P. Dowd who wrote (63701)	6/18/1999 6:43:00 PM
From: Captain Jack	Respond to of 97611

EL-- <<"I imagine there will be more institutional selling as the quarter ends. perhaps your grand children will have some grand children who can benefit from your CPQ. El">> No way. I'll be bailing for the tax loss the next 4 years. I do not keep losers forever and have no faith in CPQ becoming what it once was. We all need tax writeoffs and this looks like the grandaddy of them all. Few fund mgrs will want their shareholders knowing they bought and hold CPig so you are correct,, more selling. I still expect 28 by Christmas if we are REAL lucky. The only way I could possibly break even is if Rosen dropped AV shares on us which we know will not happen,,, hell they need every dime now that they are spending what is left of the $4 bil they had in the bank. AV has become a huge drain,,, they need to get it out fast too. News like this will help them make up their mind. (REUTERS) U.S. earnings outlook rosy, with a few exceptions U.S. earnings outlook rosy, with a few exceptions By Cal Mankowski NEW YORK, June 18 (Reuters) - U.S. corporate profits for the second quarter are expected to show good year-over-year growth, despite pockets of weakness here and there. "The good news is that we're still going to be well above the growth rate in the first quarter," said Chuck Hill, research director at First Call, which tracks earnings estimates of Wall Street analysts. First Call's data currently projects that second-quarter earnings for companies in the Standard & Poor's 500 Index will be up 12.6 percent from a year ago. That compares with 10.5 percent year-over-year growth for the first quarter. But despite the bullish earnings outlook, some companies have been alerting Wall Street that analysts' forecasts are too high. Two prominent examples in recent days have been Compaq Computer Corp. <CPQ.N> and Gillette Co. <G.N>. Compaq, the world's biggest maker of personal computers, said it expects a loss of $0.15 per share for the second quarter. Before the warning, analysts on average had been expecting a profit of $0.20 per share. Compaq, citing pricing pressures and poor revenue growth, coupled the earnings warning with an announcement of a restructuring program that will mean job cuts.