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

To: Stonehenge who wrote (26119)	5/13/1998 7:41:00 PM
From: Wowzer	Read Replies (2) \| Respond to of 97611

You are taking quite a leap of faith, thinking the market acts rationally to news (ggg). CPQ will be down a buck and DELL will be up $5. For some reason price wars do not effect Dell. Must be that BTO stuff (ggg). Rory

To: Stonehenge who wrote (26119)	5/13/1998 7:59:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 97611

CPQ will not be immune from the HP backlash. HP cites computer pricing pressures in the following news report: Wednesday May 13, 6:33 pm Eastern Time Hewlett-Packard results to be below expectations PALO ALTO, Calif., May 13 (Reuters) - Hewlett Packard Co. (HWP - news) said on Wednesday that earnings for its fiscal second quarter, which ended April 30, will be below expectations. The company said that earnings are expected to be about 65 cents per share versus 75 cents per share in the same period last year when it reported net earnings of $784 million. ''While we did achieve good revenue and order growth this quarter, we are disappointed that our early calculations show earnings per share coming in well short of expectations,'' Hewlett-Packard Chairman Lewis Platt said in a statement. The Palo Alto-based company said its product mix, as well as pricing pressures in the PC business, were significant factors in its results, which will be released on Friday. Hewlett-Packard also said economic weakness in Asia affected a number of its businesses -- particularly measurement systems, whose products typically have higher gross margins. The expected earnings include the impact of previously announced printer-manufacturing consolidations in North America, effects associated with the acquisition of Heartstream, Inc. and other charges.