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

To: William Fish who wrote (18165)	2/26/1998 10:57:00 AM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

I wonder if Lucy at ML will come out with a statement in defense of CPQ, like she did last time it was downgraded. Stephen

To: William Fish who wrote (18165)	2/26/1998 11:14:00 AM
From: mozek	Read Replies (1) \| Respond to of 97611

Well, lets see... downgrade by Solomon, Smith Barney this morning. 150,000 share trade crossed by Solomon, Smith Barney this morning. I don't suppose they would have recommended to their customers to sell before their downgrade, so I'm sure this must have been a sell. Yeah, of course it was. I was recently called a number of times by an SB broker who said that their "analysis" had identified a potential takeover candidate. He asked if I'd be willing to throw $56,000 at the idea since it would be a "good" investment even if it wasn't a takeover. I looked into the company and decided that SB's analysis was much more subtle than mine because it didn't look as good as many companies in its sector. I passed on the idea because I didn't agree it would be a good investment. Interestingly, the company was bought out the next week. I'm sure it was coincidence. I'm also sure that they told a large customer to sell 150,000 shares this morning, not yesterday, before their downgrade. Mike