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

To: Aitch who wrote (32945)	9/15/1998 7:35:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Thread: Im a bit worried about CPQ. All the bullish factors remain in place, but its upward movement is a bit turgid. I have to remind myself that despite all the bullishness from analysts (and this thread) we have had precious little hard information from the company. I wonder whether this silence is setting us up for "we told you so" "transitional quarter" and all that, and that we have to wait yet another quarter for significant appreciation. Also a bit concerned that the silence may be the hand-maid of the intention to do another quick takeover in networking, while network share prices are so depressed. If there is to be good news this quarter, the share price should start moving towards $38 before the announcement. My recent European morning comments were intended to provide a perspective while there was incipient crisis. No crisis now. So no more such posts, after this one, until the crisis returns. UK market up very strongly today but most others down more than 1%. Asia generally positive. Some theorists still expect a drop in the US markets later, maybe October. But remember most European MM missed a great deal of the US bull market during the last five years because of their misunderstanding of its strength. If you recall the tenor of most of my posts during the Russia crisis was that US media hysteria about it, and subsequent investor reaction, was overblown. A couple of weeks later, Russia now moving along nicely. Rouble up slightly, stock-market (for what its worth) up strongly. The economic crunch will come with the winter months. But the government is jokeying with the IMF and other international bodies to line up economic aid. Some commentators say the PM will not last till Christmas, but so far, he is remarkably sure-footed. Concern about Latin America is allayed by a general conviction that because it is so important to the US, intervention or co-ordinated policy will be early enough to prevent a meltdown. Japan is seen as the biggy. A lot of worry about Japan's belief that it can get by with some tinkering. If it doesn't start improving soon, it could cause catastrophe in world markets. But belief, if not hope, that eventually it will reflate. The US and the rest of the world has been saved by the excesses of the Panting Prosecutor whose smutty prurience has taken the sting out of the investigation of the President. Europe and the rest, want Clinton to survive. Leadership and stability more important than the theological debate about venial and mortal sins. Some regret that Clinton's leadership in the US (as opposed to the rest of the world) may have been temporarily weakened by the embarrassment heaped on him by Starry eyes. Since most Europeans did not idolise Clinton in the first place, nor ascribe to him super-human qualities, his personal failings/problems are not particularly startling. To be honest, I think British PM caught in similar circumstances would resign. But the two political systems cannot be compared that closely. It is doubtful that a French President would have to resign. Victor