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

To: Elwood P. Dowd who wrote (93753)	11/15/2001 12:59:38 AM
From: The Duke of URL©	Read Replies (1) \| Respond to of 97611

Good evening Mr. and Mrs. America, and all you ships at sea: I'm no Uri Geller, but let me splain why I initiated a two thumbs down on HWP about 6 months ago. I felt CPQ was going to eat their lunch in the Mid range IN SPITE OF THE FACT THAT HP HELPED INVENT IA64. It is the same reason why Rick Belluzo left the presidency of SGI. Simplistically put, the old dogs make fun of the young guys who are tring to teach new tricks which leads to internal dissention which leads to lethargy which leads to Highway 61. And of course, Walter was on the Board, when the Board voted to spin off the metric business, Agilent, in order to increase corporate value by concentrating on the more valuable (then) PC division. Friggin' Brilliant. The HP copier market is fading. If you read the current earnings report, it is arguable that was what was not said is that the reason for the predicition of future sales slowdown, was loss of MARKET SHARE of current PRINTER (as opposed to current toner) sales. You remember Polaroid. NOW we get the UPROAR over the cancellation of the 3000. Why, you ask???? Because the only reason the 3000 discontinuance was announced was to take advantage of an accounting trick. After a division is discontinued (internally is all that is necessary), THE COMPANY NO LONGER HAS TO REPORT THE LOSS AS AN OPPERATING LOSS, but can wrap up all the division losses in one big extraordinary loss. I is my opinion that HP shut the 3000 so that they would have a profit this quarter that would beat "analysts' expectations." The question before the house is then, can Rosen and Cappellas save HP. news.cnet.com In my agency within the U.S. Department of Defense, we make extensive use of HP 3000 systems," said Tim O'Neill, of the U.S. Army's Aberdeen Test Center. "One certainty for our agency is that if they eliminate the 3000, we will then act to eliminate our 9000s as well. "If HP thinks we will 'migrate' from MPE to HP-UX, they are mistaken," he said, referring to the operating systems associated with the two server lines. The economic slowdown has spurred layoffs and more layoffs at HP. The company is grappling with its proposed merger with Compaq Computer and is focusing on reclaiming momentum in the Unix server market from Sun Microsystems and IBM. A letter sent to HP 3000 customers Wednesday described the company's reasons for canceling the server line, introduced in 1972. Chief among