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

To: Elwood P. Dowd who wrote (30897)	8/14/1998 1:26:00 PM
From: John Koligman	Respond to of 97611

Here's the verbiage from Soundview... Soundview Financial Adds Compaq Computer To Focus List NEW YORK -- SoundView Financial Group Inc. analyst Mark Specker placed Compaq Computer Corp. (CPQ) on the firm's focus list, explaining that Compaq is one of the best plays on healthy PC demand in the U.S. and Europe in the second half, according to a research note. "We continue to see a steady stream of evidence supporting our contention that a severe and industrywide inventory correction, not poor demand, was the culprit in poor first-half performance by industry bellwethers, particularly Compaq," Specker wrote in the note. "We think mounting evidence that inventory was the main problem will continue to reveal a healthy demand picture," into the fourth quarter, Specker said. "This should give Compaq, and the market, the impetus to continue raising numbers." Specker noted that Compaq has suggested healthy unit demand. Sell-through of its consumer PCs grew 130% year over year in the month of July, he wrote. Compaq told Specker that its enterprise hardware business is "looking good," and also noted some "stability" in pricing in its third quarter. The company also said its integration of Digital Equipment is going well, and most reductions in head count will be occurring late in the third quarter and in the fourth quarter, Specker wrote. John