Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Aitch who wrote (36361)	11/12/1998 9:25:00 AM
From: rupert1	Respond to of 97611

Harrigan: Thanks for the DLJ report. Keep them coming! It would seem that the cause of DLJ's prediction of $40 by year end, made a week ago, was the information they got about the new mixed distribution model. I liked this excerpt: "CPQ stock trades around 17 x'99 earnings versus IBM 21x, HWP 20x, GTW 22x, MEUI 28x, and DELL 50x. We believe CPQ's multiple will expand to at least 20x in the near term and expect the stock to reach $40 by the end of this year. Our 12 month price target remains $50." Realistically, the p/e should touch 30 x sometime in a bull-run in 1999 and $60 is eminently attainable. Victor