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

To: Dr. David Gleitman who wrote (24837)	4/23/1998 3:57:00 PM
From: ricky	Read Replies (1) \| Respond to of 97611

The share re-purchase announcement could not have been timed more perfectly. We would be at 26 today without the news. I will try to call my friend tonight to get more details on the Barron's interview and will post again tomorrow. Ricky

To: Dr. David Gleitman who wrote (24837)	4/23/1998 4:10:00 PM
From: Night Writer	Respond to of 97611

Dr. I like CPQ but know little about GTW. Heard a comment that CPQ would hold up better during a market correction then many stocks that have jumped up in price lately. Don't know if that is true, but it makes sense to me. Hmmm, people seem to really be worried about the market being up so much. NW U.S. TRADING SUMMARY: U.S. stocks were lower in early afternoon Thursday, despite spending much of the day in positive territory. Most stocks fell amid growing concern that valuations are overinflated and the market has raced too far ahead of corporate earnings potential, analysts said. At 1:30 p.m. ET, the Dow was off 11 at 9166, while the tech-heavy Nasdaq composite dropped 25 points to 1892. The S&P500 lost seven to 1123. Advances trailed declines by a 5-to-2 ratio as 416 million shares traded hands on the Big Board. "The very best thing that could happen to the stock market is for the stock market to stop going up. This is just what the doctor ordered," Hugh Johnson, chief investment officer at First Albany, said.