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

To: DWW II who wrote (2028)	4/24/1998 11:10:00 PM
From: Alan Norton	Read Replies (2) \| Respond to of 4722

RE: Todays Move I'm out as of today. This market is getting quite scary and I don't want any part of it. Todays action with HWP is further indication of this. The rise of the Internet stocks is reminiscent of the overvaluations placed on Presstek and Iomega several years ago. Don't get me wrong. I am a big on Hewlett Packard. The move to Merced is coming and I like future prospects and the HP image that the company presents. It is definitely a class operation and I want to own the stock again. I will wait until the market returns to reality before buying back in. This stock trades in a range from 15 to 24 times P/E and right now it is trading nearer to 24 than 15.