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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (33076)	10/27/1999 9:49:00 PM
From: Don Green	Respond to of 93625

O.T. Hewlett-Packard Stock Falls Sharply Wednesday October 27 8:18 PM ET By CLIFF EDWARDS AP Technology Writer SAN JOSE, Calif. (AP) - Hewlett-Packard Co (NYSE:HWP - news).'s stock fell sharply Wednesday after it told analysts it was uncomfortable with current estimates for fourth-quarter earnings, prompting several to sharply reduce their expectations. Hewlett-Packard fell $6.25 to $70.371/2 a share and was the third biggest declining issue on the New York Stock Exchange. In after hours trading, the shares fell to $67. Company chief executive Carly Fiorina in early October warned the massive 7.6 magnitude earthquake last month in Taiwan would affect sales and result in earnings at the low end of expectations, prompting Wall Street at the time to lower its earnings and revenue estimates. But in calls made to analysts this week, company executives said even those lowered expectations were too high. Hewlett-Packard did not make a formal announcement of its earnings expectations for the fiscal quarter that ends Oct. 31, and a spokesman did not immediately return phone calls seeking comment. But Merrill Lynch analyst Steve Milunovich said Wednesday in a daily report that ''HP appears less comfortable with analyst estimates for (the fourth-quarter), based on our conversations with the company.'' The company blamed its problems on weaker-than-expected sales of its Unix servers line, a problem that also is likely to affect sales of storage devices. The company just weeks ago announced it was realigning its servers sales force to make them more accountable for shortfalls. Milunovich slashed the company's per share earnings prospects by 5 cents, to 73 cents a share. He cut the company's prospects for revenue growth to 6 percent, or $10.8 billion, from its earlier projection of 10 percent growth, or $11.3 billion, in the quarter. Other analysts who follow the company lowered their per-share expectations within a range of 70 cents to 73 cents a share. The Palo Alto, Calif.-based company is a major maker of computers, printers and imaging products.

To: Don Green who wrote (33076)	10/27/1999 11:34:00 PM
From: Bilow	Respond to of 93625

Hi Don Green; I really don't think I have enough experience to know what is supposed to happen to stocks that have run out of shares to short. I would think that would cause a short squeeze, but RMBS does seem to have a little trouble climbing out. My guess is that some of the big guys took their shares off the borrowing table, and are using the upward pressure to reduce position sizes. Are you still long? We are all waiting with abated breath for your story of that news... -- Carl