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

To: Challo Jeregy who wrote (21172)	3/10/1998 3:15:00 AM
From: Mike Gordon	Read Replies (1) \| Respond to of 97611

< . . Mason said Compaq decided to "take an additional pricing and promotional reserve" and "cut back on the number of older products we were putting in the channel." > Thanks for the reference. You're right, at least on paper it does explain the write-off situation. Bottom line, they had too much existing inventory. Competition came in with better prices and they got stuck. It's hard to imagine that they would get caught with so much existing inventory that it would negate an entire quarter. At least we didn't close below 25. The next few days will be critical. Additionally, I'm still worried about a pre announcement on DEC or the market in general. Something just doesn't feel right. Thanks for the response, Mike Gordon