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

To: Night Writer who wrote (86719)	11/13/2000 12:06:50 AM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Fujitsu <6702.T> to create new U.S. company--FT TOKYO, Nov 13 (Reuters) - Fujitsu Ltd, Japan's largest computer maker, will announce plans on Monday to create a new U.S.-based company focusing on servers and storage devices, the Financial Times reported from Las Vegas. The report said Fujitsu's intention is to take on market leaders such as Sun Microsystems Inc <SUNW.O>, Compaq Computer Corp <CPQ.N> and Hewlett-Packard Co <HWP.N> in the United States by supplying open systems compatible with Sun's Solaris product line. It said the unit would also supply low-end servers based on Intel Corp <INTC.O> devices as well as storage systems. In late October, Japanese media reports said Fujitsu planned to set up a computer server sales company in the United States next year as part of a move to focus more on servers and move away from money-losing mainframes. Fujitsu has been manufacturing and selling IBM-compatible <IBM.N> mainframes through its wholly owned U.S. subsidiary Amdahl Corp, but decided to withdraw from the mainframe business as part of efforts to streamline overseas and hardware operations and focus on systems and services, the Japanese reports said. At 0411 GMT, Fujitsu's shares were off 5.01 percent, or 101 yen, at 1,914, pulled down by a general slide in high-tech stocks in the Tokyo market. ((Tokyo Newsroom +81-3 3432 8022 tokyo.newsroom@reuters.com)) REUTERS

To: Night Writer who wrote (86719)	11/13/2000 8:56:57 AM
From: Elwood P. Dowd	Respond to of 97611

NW.... David Faber says that HWP's revs looked fine but that the bottom line was hit by higher commissions, the acquisition that they made, the hiring of a bunch of new people(that were out of work and apparently too good to pass up)that came available from the dot com companies that fell by the wayside, and finally and most significantly they got caught in a currency crunch having been hit by the Euro and the Yen. Maria said that Steve Mulanovich listed stocks/companies that he felt would be safe in this environment or at least first to come back and CPQ was one of those named. DELL, HWP, IBM, GTW, and so on were not on the list. El