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

To: Stan Tomkiel who wrote (31921)	8/31/1998 12:13:00 AM
From: Windseye	Read Replies (1) \| Respond to of 97611

Here we go... Hong Kong is down sharply even after two hours... biz.yahoo.com

To: Stan Tomkiel who wrote (31921)	8/31/1998 11:18:00 AM
From: Greg Jung	Respond to of 97611

We also haven't been repairing toasters since the dawn of the PC age, but it is still quite common in third world countries. What makes sense in the US doesn't clik everywhere. Most 486 computers have PC bios ok, I say that as a guess/extrapolation of my own experience. Also, most cheap PC systems are not depended upon for date-dependent mission-critical applications. Another guess. Anyway worldwide is going to be slow for a while, no longer do we have the "awaking consumer nations" as a leg in the Financial Story sage. If you've been in PC biz long you know it is cyclical and while it won't die there are inevitable down- and up-turns. We've been up, usually that is followed (in not predictable fashion) by a down. If you mistake the peak of a profit cycle for a "change of paradigm" and discount higher growth to the hereafter, as AG charges we've done, then the mistake in valuation is compounded by the greater PE afforded. Multiple should decrease as earnings pick up, but instead they have increased. Greg