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


To: Joseph Francis Torti who wrote (24842)4/23/1998 4:19:00 PM
From: Bazmataz  Read Replies (1) | Respond to of 97611
 
Ol' reliable CPQ: Buying in the morning, selling in the evening. Did it even finish up? This stock is the best ST trader there is. Buy at close, sell into surge at open. Good for at least 1/2 pt per day.



To: Joseph Francis Torti who wrote (24842)4/23/1998 4:28:00 PM
From: Rob Rob  Read Replies (1) | Respond to of 97611
 
By any chance, have you checked not only their's but Dec cash levels also lately? They have enough cash to do this share repurchase program and still have BILLIONS left in the "bank".

Rob Rob



To: Joseph Francis Torti who wrote (24842)4/23/1998 4:37:00 PM
From: William Hunt  Read Replies (2) | Respond to of 97611
 
THREAD --- Evidently the market did not think much of CPQ buyback of 100 million shares ---tendency to believed this is still a management credibility issue whether the market has an up day or not ---a company that offers to buy 6.6% of shares and the stock does move means there is still a lot of non believers .
Perhaps the best thing that happen to CPQ today was DEC / INTEL settling their legal dispute . This is really big news:
1) DEC receives 700 million in cash this qtr from INTEL
2) DEC receives from INTEL 600-700 million in chip rebates from INTEL over the next five years
3) DEC will transfer 2900 employees to INTEL when they take over ownership this qtr ---no write off charge for shutting down the plant or the cost of laying off employees
4)DEC will get rid of a major cash drain to earnings and turn the plant ( HUDSON ) over to INTEL who knows how to run a chip plant at a reasonable cost with high quality

YES THIS IS BIG NEWS FOR CPQ

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