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

To: jim kelley who wrote (70670)	10/31/1999 8:55:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

jim -- imo the probability of a profit next year is great,, restructuing costs have mostly been written off and once employees are not being paid $$ go right to the bottom line. I too hardly see a double next year,, although I hope it is that and more. I expect 28 - 31 to be the highest likely. Should institutions come back beginning this qtr it may help somewhat but I sure do not see that,, they may not yet be finished bailing. There are a ton of people that will be happy from 21 on up which will help keep the price depressed. Over 10% of the float has been traded between 18 and 20. I hardly see those that lost running back either. Add the fact that there are many disgusted with the company for the past 3 years there will be many happy just to get out even,no matter what the level.. I plan on taking my losses over 2 - 3 years,,, due to the fact I have little hope probably over 2 years.

To: jim kelley who wrote (70670)	10/31/1999 11:26:00 PM
From: rudedog	Read Replies (3) \| Respond to of 97611

Jim - No premium should be placed on growth below the market norms IMO. IBM has been growing at about 25% of the industry rate for the last 4 years, during which time the stock price has increased dramatically. It doubled in the last year on revenue growth of 5%. How does your model account for that? For better or worse, the stock price has much more to do with perception than reality. Perception drove CPQ from 50 to 19, and it can just as easily drive it back to the mid-30's.