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

To: Keith Howells who wrote (9512)	11/24/1997 9:55:00 PM
From: Obewon	Read Replies (1) \| Respond to of 97611

To All: 1) Goldman Sachs "downgrade" - GS analyst finally threw in the towel on CPQ after fighting the downward trend the market was pushing onto CPQ. He can't keep telling his best clients to buy more when the price has gone down over 20% this past month. He'll keep the stock off the list until the stock stabilizes or demonstrates a new up trend. 2) Currently the volitility in the market is due to a lack of clear leadership. Since the summer, tech stocks have surged leading the market higher and reaching levels at which there is little to no room for upside. The past month leadership has been lost - the general market has not followed the techs down. I see this as the typical retrenchment period while earnings catch up a little with expectations. The market will trade in a range between 7400 - 8000 until January. 3) CPQ should probably begin to see the better part of its benefits of synergy with Tandem in 1Q98. It should be that long until the former Tandem sales force starts generating significant CPQ sales to former Tandem customers. OB