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

To: Stonehenge who wrote (26149)	5/14/1998 8:26:00 AM
From: William Hunt	Read Replies (1) \| Respond to of 97611

STONEHEGE --- MIKE HOLLAND was on CNBC yesterday and said CPQ was a great value and the DEC merger was very positive for the future of CPQ . Wonder how much CPQ he owns ? BEST WISHES BILL

To: Stonehenge who wrote (26149)	5/14/1998 8:32:00 AM
From: William Hunt	Read Replies (1) \| Respond to of 97611

THREAD --- Before the bell ---Hewlett-Packard Falls in Europe After Profit Warning (Repeat) Bloomberg News May 14, 1998, 4:58 a.m. PT Hewlett-Packard Falls in Europe After Profit Warning (Repeat) (Repeats to spell out Hewlett-Packard in headline.) London, May 14 (Bloomberg) -- Hewlett-Packard Co. shares traded in Europe plunged after the computer maker said yesterday its fiscal second-quarter profit will fall short of analysts' expectations, hurt by falling prices for its personal computers and slower sales of measurement devices in Asia. The shares traded in London plummeted 10 to 71 5/8, according to Madoff Securities International Ltd. H-P said it expects to earn 65 cents a diluted share in the quarter ended April 30, including charges totaling 8 cents to 10 cents a share. Analysts expected the company to earn 78 cents a share, according to IBES International Inc. The profit warning shows that Hewlett-Packard succumbed to the PC price cuts that have hurt rivals including No. 1 PC maker Compaq Computer Corp., which slashed prices this year to clear out excess inventory. Investors had driven H-P's shares up 32 percent in the past three months amid optimism that the company was faring better in the PC price wars. ''Compaq is killing them,'' said Kim Brown, an analyst at research firm Dataquest in San Jose, California. ''H-P needs a growth vehicle, and they are struggling to find it.'' H-P will report second-quarter earnings Friday. The company earned $784 million, or 75 cents a diluted share, a year ago. Hewlett-Packard also said profit was hurt by economic weakness in Asia, where once-strong economic growth has stalled because of a debilitating financial crisis. Sales of H-P measurement devices, which carry higher profit margins than PCs, were especially hard hit in Asia, H-P said. Among other computer related companies, Compaq Computer Corp. dropped 1/2 to 31 1/4, Digital Equipment Corp. fell 1/2 to 59 and International Business Machines Corp. slipped 3/4 to 120 1/4. --Nicola Hobday in London (44 171) 330 7636 and Anthony Effinger More News:ÿCPQ BEST WISHES BILL P.S. I like the part where CPQ is killing them --- maybe they will all wake up soon and start making some money in selling PC'S