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


To: Bipin Prasad who wrote (38419)12/3/1998 2:21:00 PM
From: KVASIR  Respond to of 97611
 
Thursday December 3, 1:09 pm Eastern Time

RESEARCH ALERT - Compaq raised

NEW YORK, Dec 3 (Reuters) - Robertson Stephens said Thursday that analysts Daniel Niles and Alex Mou have raised their rating on Compaq Computer (NYSE:CPQ - news) (NYSE:CPQ - news) and increased their price target.

-- raised rating to a strong buy from buy.
-- increased price target to $50 from $40.
-- cited record November units, record holiday sales.

-- New direct program and higher mix of enterprise and service business ''should help increase Compaq's gross margin to 30 percent.''

-- believed ''street high Q4 EPS estimate of $0.40 has upside based on units and that FY99 EPS has upside as well.'