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

To: Sueponine who wrote (2098)	5/12/1998 3:31:00 PM
From: Ramsey Su	Respond to of 4722

Susanne, I went back and looked at the earnings report for the last couple of qts, also looked at press releases during the qtr. There is nothing that can provide an earnings surprise on the upside (just my opinion). HWP does have a big global presence. Is Europe strong enough to offset a weak Asia? Do you see anything that I might have overlooked? Ramsey

To: Sueponine who wrote (2098)	5/12/1998 5:34:00 PM
From: Vijay Mehta	Read Replies (2) \| Respond to of 4722

<<<This rise in the stock price is uncharacteristic of HP and makes me think somebody knows something I don't. >>> It's primarily the upgrades of Salomon, First Boston and Prudential that has driven the stock. Goldman Sacks also had huge blocks on the buy side. Wait till Fidelity starts buying, which they will as soon as there is a positive earnings surprise. Long term holders will remember similar movement in '93, when Magellan had HWP as their #2 holding. Vijay