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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?


To: Fred Levine who wrote (1866)2/19/1998 1:11:00 PM
From: Uncle Frank  Respond to of 4722
 
>I'm confused! Earnings were below expectations. Currency and SEA problems! Stock goes up.

Tim Bagwell summed it up well with his posting yesterday - "$70 could happen. The main thing the market is looking for is consistency of growth and the 15% revenue growth is right on target. The funds don't buy HWP for earnings surprises but for long term sustained growth and diversity. They should not be disappointed."

Fred, the only disappointment that has been seen is against the analysts' projections. Look at HP's p&l over the last 5 years, and I doubt you'll find anything to complain about.

IMHO, Frank



To: Fred Levine who wrote (1866)2/19/1998 3:02:00 PM
From: Jody Ritchie  Read Replies (1) | Respond to of 4722
 
Earnings were below official analyst expectations. However, if the whisper was in the low .80's, then .86 is awesome.

Keep in mind, the .86 is fully diluted and it's not clear if First Call expectations were. When not diluted, the earnings were .89 if I recall correctly.

Jody