Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan Spillane who wrote (20040)	3/6/1998 5:59:00 PM
From: Rich	Respond to of 97611

As per CNBC stock was halted but reopened at 5:20pm Opened at $25 then went up to $25.25

To: Dan Spillane who wrote (20040)	3/6/1998 6:09:00 PM
From: peacelover	Read Replies (1) \| Respond to of 97611

Dan, Thanks a lot for the news. I do not know if this is good or bad. I hope CPQ management will step up to the plate and start buying their sh*t to stop it from sinking like the Titanic. Do you read me CPQ gents? peacelover

To: Dan Spillane who wrote (20040)	3/6/1998 7:20:00 PM
From: Milk	Read Replies (1) \| Respond to of 97611

CPQ (namely, its problems) was discussed tonight on CNBC. The after hours price they mentioned was even lower than that. Milk

To: Dan Spillane who wrote (20040)	3/6/1998 7:24:00 PM
From: Milk	Respond to of 97611

Friday March 6, 6:53 pm Eastern Time AFTER THE BELL- Compaq down on warning, Dell drops NEW YORK, March 6 (Reuters) - Shares of Compaq fell over two points in after-hours trading Friday after the personal computer maker said it expects its first quarter results to fall below Wall Street expectations, traders said. Shares of Dell Computer Corp (DELL - news) dropped over six points after Compaq gave its first quarter outlook. Compaq traded as low as 25 after the regular session, down from a close of 27-5/8. The stock recovered over an hour after the bell, trading at 25-7/8. Dell traded at 132-7/8 after hours, down from its unofficial close of 138-1/2. Compaq expects first quarter sales to be about the same as those of the first quarter a year ago. The personal computer maker said it expects earnings to break-even. The First Call consensus earnings estimate for the quarter, based on 32 analysts, was $0.35 per share. Compaq cited stiff competition in North America and price cuts as the cause of the earnings shortfall. Dell, a personal computer maker, did not release news prior to the Compaq earnings warning. Following the after-hours run on its stock, the company said it is feels no ''unique'' price pressures and PC demand continues ''firm'' in major markets. Dealers said the sell-off in Dell stock was likely because of fears Dell earnings may suffer as a result of competition and pricing in the personal computer market. Compaq Computer Corp [NYSE:CPQ - news] told a Merrill Lynch Technology conference March 3 the pricing environment was somewhat tougher in January and Merrill said it lowered its near-term rating on the stock to accumulate from buy. Compaq did not give any change in earnings guidance for the quarter, but Merrill analyst Lucy Painter lowered her December 1998 earnings estimate to $1.80 per share from $1.85 per share. Dell said it was continuing to price its products ''within historical bands.'' On March 3, Compaq cut the prices on its entire range of Armada Notebook PCs. Over two hours after the close Compaq dropped to 24, while Dell traded further down at 132-3/8. Shares of IBM Corp's (IBM - news) stock fell to 96 in late after hours trading, down from an unofficial close of 98-3/8. At the same time, shares of Microsoft Corp(MSFT - news) fell over two points, trading at 80-3/4, down from a close of 82-3/4. Shares of Hewlett-Packard Co (HWP - news) remained unchanged from their close of 61-3/8 in after-hours trading. The New York Stock Exchange said session one trading volume was 507,100 shares compared with 862,200 the previous session. Session two volume was 1.45 million shares compared with 950,919 Thursday.