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

To: Andreas who wrote (87991)	12/16/2000 9:19:04 AM
From: rudedog	Read Replies (2) \| Respond to of 97611

Andreas - From the CPQ Investors site. Apparently JG commented on the buyback and said they will buy the shares between now and April... that ought to do something if managed well. one interesting point from the cc: brian_cranston 12/14/00 6:07 pm someone asked the question of how this will effect CPQ's recently announced stock buyback program. Jesse Greene answered something like 'obviously we are out of the market today because of our announcement. but the buyback will go on as planned, and will end around April of next year' - that CPQ has a specific timetable, of completing the buyback by April, is encouraging in two respects. 1) CPQ actually intends to buy back their shares, unlike some buybacks which are announced simply to lift the stock, but are never carried out. and 2) depending whether you look at the glass half-empty or half-full, it would seem to indicate that management expects softness/price pressures/inventory correction/etc... to continue through to April. however you could also look at it that management expects that by April things shall have improved enough that CPQ's shares will no longer be at this 'value' anymore. if you figure that CPQ is buying at $18, then their $1 billion will buy back 55.5 million shares, or about 3.2% of outstanding shares.