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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (2596)	2/25/2003 4:43:33 PM
From: PCSS	Respond to of 4345

sure --- others knee jerk reactions are not so positive with HPQ's AHT currently @ 17.35 --- then again HPQ was @ 16.62 on 2/12 ---- net gain with MORE to come as always, TIME will TELL I LIKE CARLY !!!!

To: PCSS who wrote (2596)	2/25/2003 4:51:03 PM
From: kumar	Respond to of 4345

<Are you saying cost cutting and increasing profits is a NOT acceptable (in the conditions) ?? > Cost cutting/layoffs has a finite bottom. Increasing business has a potentially much better upside. I dont see the company doing the latter, but relying on the former to "make the streets numbers".

To: PCSS who wrote (2596)	2/26/2003 9:07:28 AM
From: PCSS	Read Replies (2) \| Respond to of 4345

G-S OVERVIEW OF HPQ THIS MORNING: We are lowering our rating on HPQ to In-Line from Outperform. Although HP beat our and consensus EPS ests, HP's Jan qtr was far from clean, with several issues - ranging from a restatement of segment revs and earnings, a significant shortfall in overall Jan qtr revenues to notably weak cash flow from ops - causing some concern. Given the top-line shortfall, we are revising our forward ests with our CY03 ests now $73.7B in revs and EPS of $1.29, down from $75.5B and EPS of $1.34. While HP's valuation remains low - and investors already owning HPQ shares are unlikely to sell based on the January quarter - we also see little that will get new investors excited at this point.