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


To: profile_14 who wrote (90971)4/27/2001 5:08:22 PM
From: tonyt  Respond to of 97611
 
Hardware stocks rise

By Janet Haney, CBS.MarketWatch.com
Last Update: 5:05 PM ET Apr 27, 2001

NEW YORK (CBS.MW) -- Gains in shares of Gateway and Sun Microsystems helped power the hardware sector Friday, coming at the close of a topsy-turvy trading week for the group.

The Goldman Sachs Computer Hardware Index ($GHA: news, msgs, alerts) , which monitors the stock movement of PC makers, storage providers and other hardware manufacturers, was higher by 3.8 percent.

Gateway (GTW: news, msgs, alerts) stock moved up by 75 cents to $19.50. The PC maker is on the move again, this time moving its headquarters from San Diego to a Poway, Calif., outside of San Diego. Gateway first got its start in South Dakota. See related story.

Shares of other computer manufacturers also rose in trading. Apple Computer (AAPL: news, msgs, alerts) stock added $1.51 to $26.20. The company will hold a media event at its headquarters in Cupertino, Calif., on Monday.

Compaq Computer (CPQ: news, msgs, alerts) shares zoomed ahead by $1.20 to $18.20. After the markets closed Thursday, Houston-based Compaq said it would buy the e-business consulting firm Proxicom (PXCM: news, msgs, alerts) for $266 million, or $5.75 a share, in cash as part of a push to strengthen the computer maker's global services unit.

"We think that Proxicom will serve as a solid addition to Compaq's services portfolio, bringing in new skills and capabilities as well as broadening out the reach of Compaq Global services in major accounts that are currently shared," commented Eric Rothdeutsch, a managing director at Robertson Stephens.

Proxicom shares bolted ahead by $1.32, or 31 percent, to $5.65.


For its part, hardware and software giant Sun Microsystems (SUNW: news, msgs, alerts) stock gained $1.60 to $17.38.

Janet Haney is a reporter for CBS.MarketWatch.com in San Francisco.



To: profile_14 who wrote (90971)4/30/2001 12:59:06 PM
From: Elwood P. Dowd  Read Replies (2) | Respond to of 97611
 
Here u go Francis
by: jd_up_down 04/30/01 11:35 am EDT
Msg: 233011 of 233025

The San Francisco-based investment firm said it believes Round Rock, Texas-based Dell's sales will be down 2.5 percent on a quarter-over-quarter basis.

"Aggressive pricing" seen in the first quarter ending the first week of May "may have pulled in demand from 2Q, which puts Dell on track for a down quarter sequentially," commented Eric Rothdeutsch, a managing director at Robertson Stephens. He added that the firm thinks Dell is accepting lower-margin business to gain access to new customers.

"We believe that partially offsetting the margin decline will be a new round of layoffs and a restructuring of the businesses, particularly in the U.S., in the next several weeks," Rothdeutsch said.