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

To: BelowTheCrowd who wrote (2160)	5/14/1998 5:25:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 4722

May John Jones feel wretched today. I reiterate a "sell" on John Jones: Monday May 11, 1:37 pm Eastern Time RESEARCH ALERT - Computer hardware targets raised NEW YORK, May 11 (Reuters) - Salomon Smith Barney said Monday analyst John Jones raised target prices on server and enterprise hardware computer companies. -- In a note provided by Salomon, Jones cited strong fundamentals, despite weakness in Asia, for the actions. -- Said believed the group ''is finally experiencing a (price to earnings multiple) expansion...'' -- Kept earnings estimates unchanged on the group. -- Raised Hewlett-Packard Co (HWP - news) target price to a range of $87-$95 per share. Said H-P had ''the strongest fundamentals of the group.'' -- Formerly had H-P target price at $78. -------------- Really, the guy used no brains whatsoever. PC makers had met or exceeded earlier targets, so he simply raised the targets higher. I guess that's all it takes to be an analyst these days. Pick a $ number higher than today. When the stock reaches it, simply raise the target. Primary job requirement: Know how to always raise the target.