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

To: Mohan Marette who wrote (14284)	1/21/1998 9:10:00 AM
From: Road Walker	Read Replies (2) \| Respond to of 97611

It's going to be interesting to see if Compaq can swin upstream in a VERY bad tech market today. John

To: Mohan Marette who wrote (14284)	1/21/1998 9:16:00 AM
From: monu	Read Replies (1) \| Respond to of 97611

Mohan, I think it is based on diluted. If I am not mistaken, when IBM reported their earnings yesterday, they said 2.16. I believe that was under the new "basic" method and the street reacted negatively because they were using the previous "diluted" method, which was .04 less than expected, saying in esssence that IBM actually made 2.11. So in effect, cpq really did beat the estimates (based on the dilution method) they were looking for by .01. Hope this helps and if I am wrong someone correct me. Regards, Joe