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

To: PCSS who wrote (70789)	11/2/1999 8:45:00 AM
From: Captain Jack	Respond to of 97611

Michael-- this is the latest price,, Compaq Computer (CPQ: news, msgs) slipped 1/8 to 19 1/4, according to Madoff. The company was included in a suit filed in federal courts that accuses a number of PC manufacturers of selling computers with faulty floppy-disk drive. Toshiba had agreed Monday to a $2.1 billion settlement in a similar suit filed by the same lawyers, reported the Wall Street Journal. Compaq told the business daily that it would "vigorously defend" itself.

To: PCSS who wrote (70789)	11/2/1999 9:35:00 AM
From: Captain Jack	Respond to of 97611

Finally something I agree with this guy about,, According to Ashok Kumar, analyst at US Bancorp Piper Jaffray, this is a feature of the technology landscape, it's not an exception. The technology is so complex and changes so fast that glitches are bound to wind up in products sold to consumers. Still, Kumar said he expects the companies targeted by Reaud to put up substantial court fights rather than settling quickly. Toshiba, the largest laptop company, was the "low-hanging fruit" in such a court case, he said. Plaintiffs will have a harder time against other vendors. "Toshiba was an exception in that it was willful in that they did not disclose it to the public, Kumar said. I don't think the same can be said of the other vendors. Interestingly , IBM and NEC/Packard Bell were originally sued along with Toshiba. The suit does not appearred to have impacted IBM's stock price.