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

To: Elwood P. Dowd who wrote (13960)	1/19/1998 12:08:00 PM
From: RetiredNow	Respond to of 97611

From a technical perspective that may be so. But from fundamentals, CPQ has stated that they feel comfortable with 25% growth going into the future. A good heuristic is to assign CPQ a 25 PE. If earnings come out as expected on Wednesday, that gives CPQ a trailing 4 quarters EPS of $2.67. Multiply that by 25 and you get a projected price per share of $66.75. But since the market sucks, it probably will break $60, but will continue to hover right there. What do you think of that?