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

To: Captain Jack who wrote (89423)	2/1/2001 1:03:43 PM
From: Piotr Koziol	Read Replies (3) \| Respond to of 97611

Compaq's CEO Capellas on Global Economic Outlook: Comments By Inga Kolvik London, Feb. 1 (Bloomberg) -- The following are comments by Michael Capellas, president and chief executive of Compaq Computer Corp., the world's biggest personal computer maker. He was speaking at a meeting with journalists in London. On a global economic slowdown: ``There's no question we'll face a first-half slowdown. We don't see large customers coming back for big (orders). Let's face it, the first half was slowing. We went through a bit of a soft spot.'' ``Growth will be about 3 to 4 percent in the first half and (U.S. interest) rate cuts will drive growth in the second half. We have not seen a change in fundamentals.'' ``There's no question growth outside of the U.S. will drive the business'' this year. ``We're changing our management teams in Europe in an effort to reengineer growth there. Wireless developments will drive European growth.'' Having said that, ``the European team was the strongest within the group (last year), this year it's not just about the devices themselves, we have a lot of technical assets in Europe.'' On the U.S. economy: ``We're taking a realistic, conservative approach (this year). We expect a soft landing in the U.S. The fact that we have a global balance positions us well. Obviously we'll be affected by a slowdown. Are we concerned? You bet. We're not even giving a projection for this year.'' On acquisitions: ``We're looking at a few service companies where we don't have (sufficient) critical mass. We're pretty active, we're looking.''

To: Captain Jack who wrote (89423)	2/1/2001 1:48:51 PM
From: MeDroogies	Read Replies (1) \| Respond to of 97611

I would happily tell them that. What I'd say is tough. It's not a happy thing, but it happens. Then I'd say be happy it isn't worse, like 20 years ago. Your logic sounds like that of a disgruntled 20 year old who has never seen a slowdown...let alone a recession. The loss of jobs happens all the time, and while rates can be used as a proxy for the reason they were lost...it is rarely THE reason. I think that macroeconomic management is something that is best left to professionals. While I have a masters in it, I'd not call myself a pro. Those in the Fed, I would. Do they err? From time to time...but they haven't much since about 1983. If there are holes in my points...please, fill me in. There are few. I used the facts, and they speak for themselves. Make what you wish from them, but alot of people can't tell a leading indicator from a lagging one, and wind up thinking they do the same thing.