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

To: rudedog who wrote (24555)	4/18/1998 9:52:00 AM
From: Windseye	Read Replies (1) \| Respond to of 97611

So your saying this long standing build policy having to come to an end at this particular time has been responsible for the 1st quarter ills?

To: rudedog who wrote (24555)	4/18/1998 11:20:00 AM
From: ken foxx	Read Replies (1) \| Respond to of 97611

In the Annual Report p25 under Liquidity and Capital Resources there is this sentence: "Accounts receivable decreased ot $2.9 billion at December 31, 1997 from $3.7 billion at December 31, 1996 primarily as a result of improved asset management and the sale of $1.1 billion of accounts receivable at the end of 1997. It would appear that they used a factor to pretty up the books at the end of 1997. Had they not done that AR's would have been flat from 1996. How much improvement was there in asset management? Ken

To: rudedog who wrote (24555)	4/19/1998 6:44:00 PM
From: Tom M	Respond to of 97611

Rudedog, thanks for the excellent background info. I wasn't saying whether there were grounds for the suit or not, just "here they come". This will not be the last, IMO. Their announcements tend to keep a stock depressed for months. As an example, take a look at ADPT/Adaptec. Every Friday for at least 1 1/2 months, they rereleased the same lawsuit announcements, and it certainly takes the wind out of a stocks sail. In CPQ's case, I'd be the party that got screwed, that was in one of my first purchase periods where I was going to sell after hearing of the stuffing rumor, until management made a statement it wasn't stuffed. Perhaps people who have owned the stock through multiple splits don't think it's a big deal. Management's public statement that I trusted, cost me money. I am confident it will come back.... eventually. regards, Tom