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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: DWW II who wrote (1963)	3/27/1998 12:19:00 PM
From: rogandrog	Read Replies (1) \| Respond to of 4722

I forgot to mention in my earlier post the fairly solid looking resistance HWP faces in the 65 to 68 area. Here is a nice url to check every day; the quoted passage below will only be at the url for the duration of 3/27. " <http://www.briefing.com/Schwab/brief.htm> Blind Faith While the above developments are bullish for the long-term, near-term we are amazed at the market's blind faith in PC stocks. Despite Compaq's warning and cautionary comments by Hewlett-Packard, street has bid many of these stocks sharply higher over recent months. IBM and Compaq even got into the act over the past week. Two of the best performers have been build-to-order specialists, Dell and Gateway, on the assumption that these companies are sheltered from the inventory concerns. But lower prices resulting from the inventory build up and from fierce competition for market share will impact all PC makers as prices come down aggressively. Though we agree that all PC companies shouldn't be treated equally (Dell's prospects far exceed those of IBM), we do see margins coming down across the board. This trend will result in negative earnings surprises. As such, Briefing expects the PC group to slightly underperform the market in the months to come. "