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

To: TCGNJ who wrote (12171)	12/28/1997 3:39:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

Dulane...I just returned from the local Best Buy. The place was PACKED! I had to park down the street in a vacant lot. It was far busier than before Christmas. The computer dept. was packed, but I was able to talk briefly with one of the clerks who said that CPQ and HWP were the winners this holiday season. He said that they had sold quite a few of the subs, but that the loaded-up units were the ones that they couldn't keep in stock. he said that Toshiba and Packard-Bell weren't selling nearly as well. Only inventory problem they have is not enough inventory. Stephen..... geeez, maybe I should buy some BBY!

To: TCGNJ who wrote (12171)	12/28/1997 3:49:00 PM
From: Dulane U. Ponder	Read Replies (3) \| Respond to of 97611

I'm not a bear but things seem to be leading to a downturn. Even if certain tech stocks do well in Q4, cpq included, the market might not respond positively. Jim Cramer, who I think has a good sense of the market is not very sanguine, suggesting that there is a lliquidity problem emerging. Another recent article in Barron's referred to an upcoming "ice age" and another article I read (sorry can't remember what or where) suggested that the increase in overal float of shares in the maketplace (partly due to high IPO activity) would lead to an all-embracing dilutional effect in the months to come. Since noone has a crystal ball, all this doom and gloom may not come to pass. But it has certainly made me want to be extremely cautious and I have dumped all but the very best contenders for future growth. Cpq is one of the stocks I am keeping.