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

To: PCSS who wrote (84535)	8/29/2000 4:28:59 PM
From: Night Writer	Respond to of 97611

Compaq Back On Top New York, Aug 29, 2000 (123Jump via COMTEX) -- The tech sector has been hovering aroung the unchanged mark for most of the day. A strong showing from software stocks has helped keep the tech-heavy Nasdaq from sliding too far. At midday the index was up 5 points. Compaq Computer (NYSE:CPQ) in July reclaimed the lead in retail PC sales from rival Hewlett-Packard (NYSE:HWP), but was forced to sacrifice profits in the process. Compaq walloped HP during July, an important sales month for both companies and the first period testing new back-to-school PCs introduced in June, according to July sales figures from market researcher PC Data. Compaq sacrificed profits at the same time rival HP emphasized them, PC Data analyst Stephen Baker said. Compaq kept its average selling prices lower, around $812 in July, while HP's moved up to $950 last month from $854 in June. Compaq shares were down 9/16 at 34 1/16 at midday, while HP shares down 7/16 at 119 9/16. International Business Machines (NYSE:IBM) today announced its new ViaVoice for Windows, a new family of voice recognition software that promises to make talking to your computer easier, faster and more accurate. IBM was up 1 1/2 at 133 in midday trading. Custom computer maker Dell (NASDAQ:DELL) said today it would team up with venture capital firms in a new program to help early-stage companies get off the ground. Through the program, called VC Direct, Dell will collaborate with venture capital firms to help their nascent portfolio companies with technology and consulting services. VCs participating in the new program include Kleiner Perkins Caufield & Byers, Austin Ventures and Dell Ventures. Midday saw Dell trading up 1 1/16 at 40 9/16. _____________________snip_______________________________ Sorry if posted earlier. I just got in. Sort of a stupid comment on consumer PC profits based on ASP. NW