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

To: Steven N who wrote (92167)	7/13/2001 3:21:28 PM
From: Steven N	Respond to of 97611

NOOOOOOO--- not CRAY sn

To: Steven N who wrote (92167)	7/13/2001 3:53:35 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

CPQ bonds may be a better play,, as they look to become cheaper-- NEW YORK--(BUSINESS WIRE)--July 13, 2001--Fitch has downgraded Compaq Computer Corp.'s senior unsecured debt to `BBB+' from `A-' and the revolving credit facility to `BBB+' from `A-'. The company's `F2' commercial paper rating is affirmed. The Rating Outlook is Stable. The downgrade reflects the company's declining credit protection measures resulting from continued pressure on revenues and EBITDA due to a challenging technology sector, and limited visibility of future operational results. The ratings reflect Compaq's industry position, the breadth of its product line, the focus on services and solutions and increasing its recurring revenues, and the wide geographic revenue and product base. This is balanced against the competitive nature of the computer industry, the necessity for constant new product introductions, and the expectations of debt expansion from the company's financing unit, Compaq Financial Services (CFS). Compaq recently indicated that revenues for the second quarter would be below expectations and that the company would take a restructuring charge of approximately $490 million, primarily related (BSNS WIRE) Fitch Downgrades Compaq To `BBB+'; Rating Outlook Stable Fitch Downgrades Compaq To `BBB+'; Rating Outlook Stable BTW-- loved the post where cpq had a computer glitch as stated in correspondence to a customer,, would that not make one want to cancel an order? ROFLMAO! Nice go, MC...