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

To: Elwood P. Dowd who wrote (71880)	11/15/1999 10:00:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

El: I did eventually download the report. It cannot be cut and pasted. It was a downer. They reduced earnigns for 2000 to 95 cents. They said that while COMPAQ had the potential to do well, in the long run, it had disappointed in bottom line performance so far under Capellas. The street took his no-guidance policy as a quasi-warning and they expect that a warning will be forthcoming this quarter. They cited high turnover of staff, losses in commercial PC's, modest profits in the consumer sector, less than dazzling performance in all other sectors, they expect YK2 to have a negative effect in 4Q and to have a negative carry over effect for the 1Q. They also said they did not think the cost savings in the 4Q would compensate for expected further operating losses in commercial PC's or weak growth from other operations.