Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elwood P. Dowd who wrote (93780)	11/17/2001 4:13:14 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

More from The Zoo: Capellas indicates Q4 will be GREAT!!! by: ibox2k Long-Term Sentiment: Strong Buy 11/17/01 03:34 pm Msg: 261713 of 261713 Here is what he wrote in this letter to employees: "To: Compaq Global Team From: Michael Capellas Subject: Merger ..... As important as the merger is, we have an equally important objective in the short term. That is to deliver a solid performance in Q4. There's nothing we can do today that will say more about our strength and our passion for winning than to exceed our Q4 performance targets. As we said when we reported Q3 earnings, WE EXPECT REVENUE OF $7.6 to 7.8 BILLIONS and a loss of three cents a share in Q4. The market remains difficult, but I BELIEVE WE CAN DO BETTER...." 213.219.40.69 Also CPQ plans to complete the remain $550Mil stock buy-back in the next couple months; it's equivalent to 50 Mil shares. this absolutely will put the stock up. Q74. ARE WE CONSIDERING A STOCK BUYBACK? A: Following our announcement to merge with HP, Compaq's Board of Directors decided to resume its pre-existing stock repurchase program. The program was suspended during the negotiation of the Hewlett-Packard/Compaq merger agreement, which was announced on September 4, 2001. As of September 17th, approximately $550 million remained under the $1.0 billion program for the repurchase of Compaq common shares previously authorized by the Board of Directors. "At current price levels, we believe Compaq's stock offers a tremendous investment opportunity for the company," said Michael Capellas, Chairman and Chief Executive Officer. "We are confident in the future of the American economy and the strong position that the combination of Hewlett-Packard and Compaq will hold." sec.gov t