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

To: PCSS who wrote (96078)	3/14/2002 9:34:19 AM
From: Jerome	Respond to of 97611

Recent Announcements against the merger... The California State Teachers Retirement System owns about 1/5 of 1% of the HWP shares... Like Bank of America they are minor players. And recent announcements have been by these less than 1% holders. Pretty soon institutions that hold 500 shares will be making announcements .....:)

To: PCSS who wrote (96078)	3/14/2002 10:02:33 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

No real surprise. These guys are cut from the same cloth as calpers. Union mentality trying to save jobs for the locals with no consideration or understanding of the issue beyond job elimination.

To: PCSS who wrote (96078)	3/14/2002 11:53:57 AM
From: Elwood P. Dowd	Respond to of 97611

PC Stocks Fall as Analysts' Forecasts Converge Thu Mar 14,11:47 AM ET By Nicole Volpe NEW YORK (Reuters) - Personal computer stocks fell as industry watchers issued conflicting opinions on whether the industry, which saw its first decline ever last year, was set for a rebound in 2002. CSFB analyst Kevin McCarthy on Thursday said he is lowering his hopes for the sector, trimming his 2002 unit growth forecast to 5 percent from 10 percent. In contrast to renewed hopes cited this week by market research firm International Data Corp. that corporate spending will lead a rebound, McCarthy called corporations a "no-show." He cited his own checks with resellers, direct salespeople and systems integrators, who he said see no evidence of a commercial pickup. "Most IT managers seem to have pushed their hardware procurement plans into late 2002 or beyond," McCarthy wrote in a note to clients. McCarthy did not change his investment ratings on the stocks but warned clients not to chase any rallies in the PC sector. "We believe most PC-related companies will guide to flattish June quarter revenues from a slightly lower than expected March quarter result when reporting season kicks in next month," he said. "Most hardware stocks already reflect expectations of flattish sales trends but may get spooked by the return of a glum tone on April conference calls," he added. IDC earlier this week raised its forecast for computer shipments, saying the market has been buoyed by strong U.S. retail sales and renewed hope for a jump in corporate technology spending. No. 2 PC maker Compaq Computer Corp. shares fell 22 cents, or 2 percent, to $10.78 and No. 1 PC maker Dell Computer Corp. fell 34 cents, or more than 1 percent, to $26.48. Gateway Inc. fell 17 cents, or nearly 3 percent, to $5.61. Overall, the tech-heavy Nasdaq was higher, up 6.26, or less than 1 percent, to 1868.27. IDC raised its forecasts of shipments to a rise of 3 percent, up from a 1.8 percent rise the research firm forecast in December. Gartner Group analyst Martin Reynolds told Reuters on Thursday that he expects to update his forecast next week but that his expectation for unit shipments will remain unchanged at 5 percent growth. "We're coming off an awful year in 2001, so it's not hard to be a little bit better," Reynolds said. McCarthy lowered his earnings outlooks on several PC contract manufacturers, including Solectron Corp. and Sanmina-SCI Corp. .

To: PCSS who wrote (96078)	3/14/2002 3:09:20 PM
From: Elwood P. Dowd	Respond to of 97611

CPQ shares bounced a little over the last 1/2 hour. Why? El

To: PCSS who wrote (96078)	3/15/2002 5:13:32 PM
From: Elwood P. Dowd	Respond to of 97611

Johnson Controls & CPQ by: Sistershel (38/F/Cheyenne) Long-Term Sentiment: Buy 03/15/02 05:11 pm Msg: 277255 of 277256 This is the first time I've posted, so I hope it works. My husband works for Johnson Controls, and their big boss just sent out a memo stating that on March 12 "...Compaq Computers will assume management of our desktop and laptop computing equipment and service in the US and Canada. Over time all our current PC equipment will be replaced by Compaq-provided and owned equipment. If the partnership works as planned, we intend to expand the agreement to other regions around the world." Under the agreement, Compaq will "refresh" the PC equipment every 36 months and "provide help desk support 7x24x365, and enhance security, software licensing and asset management". Some JCI support employees will now be CPQ employees under this agreement. The transition is to begin on April 1. By the way, I've new to investing (just since NOV) and have been in CPQ since starting. I'd like to see the merger go through, but am comfortable holding long term. Shel