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

To: KENNETH R SANDERS who wrote (12057)	12/24/1997 10:10:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 97611

1.5 million PCs expected to be sold during this holiday season! Wednesday, December 24, 1997 Holiday PC sales double Tuesday December 23 3:02pm Lisa M. Bowman Home PC buying will surge during this holiday season, with as many as 1.5 million people buying a new PC, according to a recently released report. The report, by television ratings company ACNielsen and International Data Corp., predicts that twice as many U.S. homes will buy PCs this holiday season compared with last year. Price appears to be the biggest factor in purchasing decisions, according to the report, which is based on a survey of 12,231 consumers. "The sub-$1,000 PC has created quite a stir," Bill Ablondi, vice president of IDC's New Media Group, said in a statement. "The sub-$1,000 PC has caught people's attention, and many who thought a PC was beyond their reach financially are now coming to market." The study shows that 48 percent of those planning to buy a PC are first-time buyers. And about 30 percent of those first-timers have budgeted less than $1,250 for their machines. According to Ablondi, about 38 percent of those who said they were "very likely" to buy a PC planned on spending more than $2,000. The results are part of a preliminary study conducted by IDC and ACNielsen. The researchers plan to interview 20,000 consumers total by the end of this month. Source: ZDNet News

To: KENNETH R SANDERS who wrote (12057)	12/24/1997 10:41:00 AM
From: Satish C. Shah	Respond to of 97611

Yes, It was 100 % stock. The deal closed on 8/30 ( I think ). The CPQ management made a statement similar saying they are required to suspend the stock buy back. Regards, Satish

To: KENNETH R SANDERS who wrote (12057)	12/24/1997 11:42:00 AM
From: Seyda	Respond to of 97611

To All, Ken wrote <<I was advised by Nationsbank Inv. Rel. that they were required to suspend their stock buy back when they made the 100% stock offer for Barnnet Bank which won't close til Jan.or Feb. 98. They then must wait 6 months before they are permitted to reinstate a buyback. I don't know if this applies only to banks but I doubt it.>> I will appreciate any information pertaining to the limitations on reinstating a stock buy-back (after a company-puchase). Seyda

To: KENNETH R SANDERS who wrote (12057)	12/24/1997 8:34:00 PM
From: Stevefoder	Respond to of 97611

Kenneth R., The Tandem deal closed on Aug. 29 for 100% stock. If the six month rule is in force, then a stock buy back could start in just two months. On 9/30/97 Compaq's current assets were $11.9 billion and current liabilities were $5.4 billion. Not only that the current assets contained $6.0 billion of cash and short term investments. Also, positive cash flow has been excellent! I find it hard to believe that in the next 3 to 4 months that Compaq will not do one of the following: 1. Announce a major stock buy back program by open purchase and/or purchase options for the same effect. 2. Buy out some other company. My expectations are that there will be a major buy back of stock. Any buy out of another company would be a small outfit if any. I expect that folding Tandem into the company is big enough not to be trying anything else like that soon. I expect that if Compaq does announce a major buy back program soon the stock price should reflect that nicely. Any other opinions out there on this subject?