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

To: Mohan Marette who wrote (18908)	3/3/1998 8:31:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

CPQ is going down and it's going down hard....and this time it's not because of the "Asian crisis." Per CNBC it's trading in pre-market @ 29 1/2. Look for it to return to the lows of last Nov/Dec., 26-27. ML will release a statement @ 10am. Lucy's downgrade is the final straw. Either turn off your computer and go fishing for about 3 months, or sell. My opinion. Stephen

To: Mohan Marette who wrote (18908)	3/3/1998 12:07:00 PM
From: Jim Patterson	Read Replies (7) \| Respond to of 97611

Well Gang, This hurts. Lucy has down graded CPQ. Why ? January sales slow. (Read the channel was stuffed) Competitive pricing. (Read Lower ASP's and a price war) Lack of Visibility. (Read Back end loaded quarter) Gross Margin Pressure (Read lower ASP's again) Now where have we heard anything close to this ? Did I say that CPQ stuffed the Channel in the 4th Q ? Did I point out that Revenue in the 4th Q was light ? Did I say that CPQ had an inventory problem ? Did I say it was possible for CPQ (& DELL) to make the 4th Q but the 1st Q is when the $#^! would hit the Fan ? Did I say that the Rally was unjustified IMO ? So in a nut shell, it would appear that I was more or less on the money on just about every thing I talked about going into earnings. Well Ya'll had a laugh as the stock rallied 15-20%, Well....Don't worry, all of the comments that have come out in the last 2 days don't mean the stock will go down, after all CPQ is in the PC business, the greatest thing ever. And what does Lucy P. really know anyway? I guess ya'll will just stop paying attention to her since she is no longer saying what ya'll want to hear. This reminds me, Did I also comment on a change in Lucy's tone and comment's in here reports ? Did I say something about thinking that she may be becoming less enthusiastic about her table pounding buy ? For those that don't know, The answers to all questions are YES. Jim That was fun :)