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

To: rudedog who wrote (70703)	11/1/1999 10:26:00 AM
From: John Koligman	Respond to of 97611

In regard to 'IBM earnings growth'... Just to comment on how perception can affect things, although IBM as a firm showed 3% or so revenue growth when Gerstner took over, earnings were improved through cost cutting and massive stock buybacks, which continue even today (another 3.5B approved just last week I believe). IBM bashers have said for years that this is 'manufactured EPS growth', but the street did not care. Regards, John

To: rudedog who wrote (70703)	11/1/1999 10:34:00 AM
From: jim kelley	Read Replies (2) \| Respond to of 97611

If CPQ is successful in restructuring its businesses to compete in the 21st century then eventually you will see the stock price rise. I think it remains to be seen whether this management team can pull this amazing feat off. In any event, in terms of real cashflow and earnings CPQ will not be profitable in Y2000 IMO. The charges and writedowns they are taking are larger than their operating profits. These are real costs! Perhaps, by 2001 CPQ will have gotten through this cashflow swamp. JMO JK