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

To: PCSS who wrote (33122)	9/18/1998 5:31:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

FROM TONITE'S CBS MARKETWATCH.... Compaq was fractionally lower, but CS First Boston analyst Michael Kwatinetz maintained his "buy" rating on the shares. He said that this pig is on a pace to meet his third-quarter earnings target of 5 cents a share, driven by a "lack of channel inventory" and strong seasonal momentum ahead of the Christmas season. "Q3 and Q4 appear to have been conservatively guided too," Kwatinetz said, "and we wouldn't be surprised if Q3 in particular had upside." Kwatinetz also said Compaq has already begun to realize some "operational cost savings" from its merger with Digital Equipment, meaning that expenses will drop 27.2 percent from second-quarter levels.