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

To: Elwood P. Dowd who wrote (87211)	11/29/2000 7:39:14 PM
From: PCSS	Read Replies (3) \| Respond to of 97611

GTW warned today, last qtr it was DELL & AAPL ... CPQ made its #s. Sooner or later (sooner I hope) ALL will have to come to the realization that CPQ is getting it revenues & profits from something other than PCs and that CPQ is FAR MORE than just a PC company ... and that's the truthff Michael

To: Elwood P. Dowd who wrote (87211)	11/29/2000 7:51:06 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

El-- for those reasons and more the best time to buy cpq in the last 2 years may well be before the bell tomorrow... If they would warn or come in light it is all over for the piggy will become fried bacon. Since everyone believes (hopes) cpq will be fine EPS AND Rev --wise (needs both) a decent pop may be in order... I certainly would not look for the "40" you mentioned in the ST one would think high 20s in 6 - 9 months is very probable... Now,, how about INTC???

To: Elwood P. Dowd who wrote (87211)	11/30/2000 9:38:36 AM
From: MeDroogies	Respond to of 97611

I think it depends on your view. If you believe we are in an all out bear market for tech, then CPQ should trade at a PE of 15-18. I'm not sure where this would put the price, but that would be south of 20. I don't believe we're in an all out bear market, but some people do. It pisses me off that when things go poorly in general, even the guys who are doing well suffer. I believe, as several others on this thread do, that CPQ is fine, taking share on several fronts and will meet estimates. As you point out, why would this cause the price to be as low as it was when it had no earnings? I don't know. It's a conundrum. Seems to me that 25-27 would be fine given current market conditions. But I guess some people don't believe that. I also think it's funny that Gateway made the inventory statement. Unfortunately, they do carry inventory, due to their stores. They just don't carry as much as, say, CPQ - who after years of practice SHOULD know how to manage it better than Gateway (and probably do).

To: Elwood P. Dowd who wrote (87211)	11/30/2000 2:08:33 PM
From: Dan Spillane	Respond to of 97611

Good points. I don't think the bull/bear measures are accurately reflecting sentiment now--it is extraordinarily bearish. Your piece seems to be good proof of that. Is Compaq worse off now than when it was without CEO? What about the leadership in handhelds, which is growing at triple digits? Many tech stocks are trading at record low P/Es and PEGs even with good news. The market has been in a major bear phase since early this year, with sentiment rapidly diminishing to the point where no good news is taken. I could give you a list right now of ten stocks with improving stories, trading at 52-week if not multi-year lows. There are bad stories out there, mind you...but it seems like they have been factored into every other stock many times over. Looking again at other charts, it looks like a repeat of the Asian crisis pricing of many stocks (or even priced below). Maybe the political stuff is affecting people more than we know. How does the phrase "Gore-ing the stock market" grab you? Or picture Gore on the front of an upcoming Barron's, entitled "The Gore-inch Who Stole Christmas--and the Presidency"...