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


To: Elwood P. Dowd who wrote (89174)1/24/2001 8:36:18 AM
From: marquis103  Read Replies (3) | Respond to of 97611
 
This borders on craziness. I just copied this over from Maria Bartiromo's comments a little while ago from Kumar. He really seems to have an axe to grind.

"CPQ up 3.47 to 23.55 on 128,000 shares. Ashok Kumar at US Bancorp/Piper Jaffray keeps a Buy rating on the stock with a $30 price target and makes these points:

Turnaround not likely
Prices dropping for the industry
Behind DELL in direct distribution
Company has not articulated a service strategy
Facing tough competition from EMC, IBM, HWP and SUNW in Unix market."

Even when Compaq does so well in the face of a tough market, somebody is always there to kick them. Damn.

Russ