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

To: Charles Tutt who wrote (3278)	10/27/1999 3:43:00 PM
From: Y. Samuel Arai	Read Replies (2) \| Respond to of 4722

SG Cowen Securities analyst Richard Chu attributed the weakness in H-P shares to nervousness about the performance of the company's enterprise systems business -- a sector H-P discusses as one that was faring poorly relative to plan on Oct. 1. See full story. "Those concerns have intensified in recent weeks," he said. "It's a business that will most likely be down year to year. The question is whether with weakness in that sector it's going to trigger a shortfall beyond." In another blow to H-P shares, Merrill Lynch cut fourth-quarter earnings estimates on the PC maker to 73 cents a share from 78 cents, citing weakness in the company's UNIX server business and enterprise storage. The broker also sliced fiscal 1999 and 2000 estimates