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

To: Elwood P. Dowd who wrote (84869)9/22/2000 11:23:36 AM
From: tonyt  Read Replies (1) | Respond to of 97611
 
RESEARCH ALERT-Chase H&Q says PC industry healthy
NEW YORK, Sept 22 (Reuters) - Chase H&Q said on Friday that the personal computer industry is on track for 15-17 percent unit growth year over year, indicating ``that PC demand is healthy, but not red hot.''

-- Chase's analysis of PC demand in the European market differs from comments made on Thursday by Intel Corp. (NasdaqNM:INTC - news) whose revenue warning shook the industry.

-- ``Europe has begun to show improvement,'' especially in the corporate market, analyst Walter Winnitzki said in a research note. ``We would therefore be buyers in the PC sector.'' He noted that the Chase's ``strongest picks'' are Compaq Computer Corp. (NYSE:CPQ - news), which is rated a ``strong buy,'' followed by Dell Computer Corp. (NasdaqNM:DELL - news) and Gateway Inc. (NYSE:GTW - news), both rated ``buy.''

-- While Winnitzki does not believe this will be a cause for upside in the third quarter, he said it could be more meaningful in the fourth quarter if trends continue. Shares of Intel tumbled $13-31/64 to $48 in Friday morning Nasdaq trading.

-- ``While Intel had been talking about strong demand, most vendors were coming up short in making sales projections,'' Winnitzki said. ``We also point out that European demand has already been soft for the last 2-3 quarters and corporate demand was already down from the prior year. Thus we believe Intel is no longer a good coincident indicator of trends for the PC vendors.''



To: Elwood P. Dowd who wrote (84869)9/22/2000 3:17:04 PM
From: Andreas  Respond to of 97611
 
Elwood;

IMHO, you are absolutely right. I was thinking the same thing. INTC opened the door for cpq to come out use this as an opportunity to air dirty laundry. They didn't and therefore i, like you, assume there is no dirty laundry.
See you later.


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