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

To: Elwood P. Dowd who wrote (84731)	9/14/2000 8:15:55 AM
From: profile_14	Read Replies (1) \| Respond to of 97611

El, I downloaded a Bloomberg MF Price chart as of 9/12 for CPQ for the last 6-month period. It is a small GIF 30k file that fills your screen and it makes it easy to see the relationship between money flow and price. I will be happy to e-mail it to anyone that has an interest in seeing it. It shows tremendously positive money flow rising at a near 45 degree angle as line from the bottom left to the upper right of the screen and price fluctuating, even during the drops. During the drops in price, money inflows still rise, but at a slower rate, or stay even, never decreasing. None of the other stocks I follow have exhibited this over the last year, being far more volatile. I combined money flows for both block (10,000 shares or more traded) and non-block, so that the net effect of the flows versus the price can be seen. Since this chart is compiled at the end of the day, I had to look at around 3:30 p.m. yesterday at an intra-day chart, which was positive as well. We dropped about 1.5 points in price on relatively small volume at the beginning of the day, and Thomson I-Watch shows very strong buying interest being shown at levels below the trading prices. I interpret that to be institutions trying to fill orders at lower prices, possibly trying to mitigate their options exposure this week, hedge options for next month, as well as possibly trying to cover some of the outstanding short position which increased significantly in August when the stock was in the 34s. This chart is a very useful tool for me, used in conjunction with other statistics. Regards

To: Elwood P. Dowd who wrote (84731)	9/14/2000 3:50:41 PM
From: Salah Mohamed	Read Replies (1) \| Respond to of 97611

El ... About Currency Impact >>>McDonald's and IBM's bottom lines to be negatively impacted by currency exchange. Will CPQ have the same problem?<<< It is a difficult question and I don't have a definite answer. IMO, one would think that they factored in the currency impact when they projected 10.8B and 29 cents for Q3 considering that the currency effect on Q2 results was known at the time. Here is the impact on Q2 results according to MC: Revenue was up about 8 percent, but that was in effect partially due to the softness in the currency, 11 percent in constant currency. Message 14379617