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

To: Dulane U. Ponder who wrote (11281)	12/15/1997 12:00:00 PM
From: dq nguyen	Respond to of 97611

To ALL CPQ holders: Fidelity distributed capital gains. I noticed that Fidelity just distributed "huge" capitcal gains on many technology mutual funds (Fid. Select Electronics, Fid. Large Co.,etc.). For example, Fid. Select Electronics distributed $6.95 per share (from a closing price of ~ $36/share, or about %20 of Friday's NAV), and CPQ was the largest holding in this mutual fund. So I am guessing that many mutual fund houses are raising cash for year end capital gain distributions, and dumping high tecg stocks that has been doing good this year. Hopefully when all this window dressing blows over, and all these re-invested capital distributions will drive the stock price back up again. And yes, I am holding my breath.