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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: OLDTRADER who wrote (143399)	9/30/1999 5:11:00 PM
From: D.J.Smyth	Respond to of 176387

WB :30 Sep 12:18 HWP (sware to God, soon as this hit the wires, Dell started selling, they started buying HWP. Makes no sense - the rumor was "bad call from HWP", total crap) By Christopher Grimes NEW YORK (Dow Jones)--Hewlett-Packard Co. (HWP) is holding a conference call with Wall Street analysts Friday with the aim of calming their jitters about its business. Carly Fiorina, H-P's new chief executive, will host the call. Since she was tapped in July to succeed Lewis Platt, Fiorina has stayed out of the limelight so she can learn about the company, H-P has said. Investors have clipped over $9 off H-P shares in the last seven trading days, mainly on concerns over the company's U.S. sales of Unix-based servers and worries about component shortages due to the earthquake in Taiwan. The stock recently fell 5/8, or 0.7%, to 89 7/8 on volume of 4.4 million shares. Analysts said the company is probably seeking to ease those concerns. "If I were a new CEO and thought my business was doing well, I would want to say something about it" in light of the stock's recent weakness, said John Jones, an analyst at Salomon Smith Barney. "I believe there (also) will be some organizational discussions that I think they might have wanted to wait a week or two." Fiorina, a former Lucent Technologies Inc. (LU) executive, has been expected to officially unveil her strategy for H-P at the company's fall analyst meeting Dec. 1 in San Francisco. But Jones said Fiorina could discuss her plans for change on the call Friday, either in "concept or in detail." Jones said those changes could include: consolidating H-P's two printer divisions, enhancing H-P's branding strategy and increasing the direct sales force in the U.S. Unix server business. H-P didn't immediately return calls for comment. George Elling, an analyst at Lehman Brothers Inc., noted that H-P's chief financial officer endorsed Wall Street's estimates in a conference call last week, held to discuss the details of the spinoff of its Agilent Technologies unit. -Christopher Grimes, Dow Jones Newswires, 201-938-5253 (END) DOW JONES NEWS 09-30-99 12:18 PM