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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Immi who wrote (3138)	7/27/1999 11:54:00 AM
From: William Partmann	Read Replies (2) \| Respond to of 4722

RESEARCH ALERT - Hewlett target raised NEW YORK, July 27 (Reuters) - Salomon Smith Barney analyst John Jones Jr. raised his price target on computer maker Hewlett-Packard Co. Tuesday to $130 from $105. -- In a report, Jones said business in the fiscal third quarter had been robust. -- ''If the momentum continues into July, which we believe is the case, then HP should be able to produce our EPS (earnings-per-share) estimate of $0.85 which is above the consensus estimate of $0.80.'' -- He added, ''Our recent Fortune 500 Survey found HP UNIX servers to be a hot choice among CIOs (chief information officers). Also, 28 percent of the group said they would 'long' HP stock.'' -- The company reports fiscal third-quarter results Aug. 16. -- Hewlett-Packard shares were up 2-5/8 at 108-1/8.