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

To: Dulane U. Ponder who wrote (21589)	3/13/1998 3:38:00 PM
From: Maverick	Read Replies (1) \| Respond to of 97611

CPQ downgrades, part II * J.P. Morgan said it lowered its rating on shares of COMPAQ COMPUTER CORP to market perform from buy and reduced its 1998 earnings estimate on the stock to $1.00 per share from $1.75 per share. Analyst Daniel Kunstler said company's pre-announcement of a near-break even 1Q is considerably worse than he had expected. "Since we cannot see our way clear past $1.00 in earnings for the whole year, and that any 1999 earnings profile for Compaq isolated from DIGITAL EQPMT. CORP is now academic, we believe that investors should proceed gingerly with regard to the Compaq story," he said. (Reuters 10:46 AM ET 03/09/98) * H&Q has downgraded CPQ to neutral due to the high risks of absorbing DEC.