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

To: PCSS who wrote (89242)	1/25/2001 9:26:22 AM
From: Elwood P. Dowd	Respond to of 97611

From The Zoo: Some opinions on CPQ's 4Q perf. by: TADC_98 01/25/01 09:17 am EST Msg: 214303 of 214303 Wall Street analysts generally praised Compaq for fourth quarter earnings of $515 million, before the write-down of CMGI stock. "It was a very solid performance in a very difficult industry and operating environment." – Kevin McCarthy, Credit Suisse First Boston, reported in The New York Times "Despite the fact that December fell off a cliff and January appears weak as well, the company is more than holding its own." – Jim Meyer, Janney Montgomery Scott, reported in The New York Times "Compaq is managing more for profit than for market share. Dell clearly was out for market share." – Stephen Dube, Wasserstein Perella Securities, reported by Bloomberg "[Compaq] really has banked on a rebound in the second half of the year, which assumes an economic recovery and their ability to take share" from competitors in the high-end server market, said David Bailey, Gerard Klauer Mattison, reported by Dow Jones. "The first quarter is in question; after that, business should accelerate. The strategy they’ve put in place is gaining more and more traction." – David Katz, Matrix Asset Advisors, reported by Bloomberg "It suggests that the commercial PC operations have become significantly more efficient than the Compaq of a year ago." – Steven M. Fortuna, computer analyst, Merrill Lynch, reported in The Wall Street Journal "Compaq now gets less than half of its sales from desktop personal computers. Sales of servers … surged 20 percent to $4.11 billion for the quarter. Operating income for the product line rose 64 percent to $722 million." – Bloomberg report "[Compaq’s] enterprise business, servers and storage grew 20 percent year over year. It’s also the biggest contributor to the bottom and top line. And they’re saying that is where they expect the fastest growth going forward." – Steve Frank, reported by CNBC "[Compaq has] a lot of business internationally. They do have a lot of these high-end servers and storage and professional services. And that helps a great deal to offset the weakness of the PC market." – Art Russell, technology analyst, Edward Jones, reported on the Nightly Business Report Lehman Brothers liked the way Compaq has transitioned from a low-margin PC business to higher-margin enterprise businesses, prompting the firm to hike its rating from outperform to buy, according to a Dow Jones report. Ignore this User \| Report Abuse < Previous \| Next > [ First \| Last \| Msg List ] Msg #: Reply Post All Subject Message Text Authors Reminder: This board is not connected with the company. These messages are only the opinion of the poster, are no substitute for your own research, and should not be relied upon for trading or any other purpose.