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Technology Stocks : CPCI - great earning , BARRON's suggest -- Ignore unavailable to you. Want to Upgrade?

To: Neil S who wrote (444)	1/5/1998 9:51:00 AM
From: csm	Read Replies (2) \| Respond to of 586

Thanks for posting Aaron, I just saw it too. Well, at least they're going to buy back stock, but they should be buying much more. I don't understand what they want the money for since they seem to be unable to do an acquisition. Record orders is good news. Record backlog is good news. Earnings are bad news. Stock price is bad news too unless you're buying. This looks very cheap. Stuart.

To: Neil S who wrote (444)	1/5/1998 1:37:00 PM
From: Aaron Cooperband	Read Replies (1) \| Respond to of 586

Neil - Thanks for the news. My broker woke me up this morning to let me know. Missing estimates is never good, but as excuses go I think theirs is a good one. If you believe that management is competent and trustworthy (as I do) then this probably isn't so bad. If this were AMD and Jerry Sanders, however, I would be a lot more worried. CPCI mis-judged market demand and had the wrong products for sale when the year-end rush hit. Intel had a similar problem recently with the sub-$1000 PC market. CPCI's "much larger than usual" backlog corroborates management's excuse, but I'm curious how sales would have been had they had the proper product on-hand. Its also comforting to know that management is putting their money where their mouth is and repurchasing the stock. Its about time! Aaron