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

To: David L. who wrote (2134)	5/13/1998 9:19:00 PM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 4722

Someone get their PR people a dictionary: "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 If these are "early calculations", what's "last minute"? Shareholders are expected to believe that it was not until less than 48 hours until earnings were scheduled to be released that the bean counters figured out the Q would be not just a little light, but "well short of expectations"? There was no indication whatsoever over the course of the quarter that this would happen? Why bother to even pre-announce now? And if you're going to do it, why use the word "early" to describe this realization less than 48 hours before earnings are due? IMHO, that borders on being insulting. Good trading, Tom