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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (4690)	5/7/2002 11:58:29 AM
From: Dave B	Read Replies (1) \| Respond to of 4722

DJ MARKET TALK: Morgan Likes H-P, Even With A Stumble Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201-938-5299; All Times Eastern) 10:50 (Dow Jones) Hewlett-Packard's (HPQ) valuation looks attractive, even in a downside scenario, says Morgan Stanley. The firm upgrades the company to overweight from equal-weight and gushes about its post-merger prospects ahead of Carly Fiorina's news conference at 1:30 p.m. ET. "HPQ's longer-term rewards outweigh its potential near- to medium-term risks. The enterprise environment remains weak, but HPQ's well-placed integration plans and first-class printing franchise should bear fruit by fiscal 2003." HPQ up 2.7% at $18.71. (GS) (END) DOW JONES NEWS 05-07-02 10:51 AM