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

To: PCSS who wrote (83141)	7/1/2000 9:23:06 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

vious \| Next > [ First \| Last \| Msg List ] Reply Wall Street Journal - Dow Jones News by: kristy_kream (29/F/Venice, CA) 7/1/00 8:30 am Msg: 166980 of 166981 Street Dismisses-2: Lehman Sees Compaq 2Q EPS At 21c Dow Jones Newswires McCarthy and Fortuna weren't the only ones to disagree with Salomon analyst Gardner. Lehman Brothers Inc. analyst Daniel Niles put out a research note reiterating his buy rating on Compaq, saying the company's second quarter is on track. "We remain confident in our revenue and EPS estimates," said Niles in the note. "In general, we believe that weakness in consumer (PC sales) is being counteracted by strong server and high-end corporate sales." Niles has a second-quarter earnings estimate of 21 cents a share for Compaq. "Given the opportunity created by a competitor's downgrade, our expectations for a strong second half, and statements from the company after the close, we would be aggressive buyers of the stock," Niles wrote. He went on to say that he finds it "hard to believe" that Compaq would put out Thursday's press release if it expected to post a weak second quarter, "given the legal ramifications that poor results would surely create after this action by the company" so late in the quarter. A.G. Edwards analyst Jimmy Johnson said Compaq is on a comeback trail and that channel inventory is doing "really well." Retail demand for PCs slowed down a little in the second quarter, he said, but that is always a seasonally slow time for retail PC sales. Johnson, who has a buy rating on Compaq, also agreed that the stock's decline is a good buying opportunity. At Wit SoundView, analyst Mark Specker said he routinely conduct checks into inventory levels. As a result of his checks, he said, he didn't think inventory levels were "at all high" and, in fact, were on the low side in most cases. Specker is predicting that the stock price will climb because Compaq is doing very well. Investors, however, remained dubious Friday. Shares were recently off 3/8, or 1.5%, at 25 3/8 on volume of 21.2 million, compared with a daily average of 15.4 million. Gardner nor Compaq officials were immediately available for comment. Kristy:)

To: PCSS who wrote (83141)	7/1/2000 11:51:44 AM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

Michael -- It looks like our pal at SSB is either a fool or made all the money he needs to retire at an early age. We can hope that the 1st possibility is true and he is only fired BUT these guys can keep a job no matter how bad they are,,, like a weather forcaster. Anyway--- he was successful in putting more doubt into cpq. Also successful in holding the mkt cap down immediately and in the near future. If cpq had a better rep or strong mgmt it would not have been possible for anyone to make rediculous statements and if anyone was foolish enough to do so there would not have been such a drop and complete recovery would have been immediate. All we saw was a partial recovery in a strong mkt even after many "buy" reiterations,,, more indication there is little faith in cpq and mgmt. I think I'll stick with others and begin adding T... LOL! We can remember the cpq fight cheer -- "maybe next qtr?",,,