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

To: Night Writer who wrote (40527)	12/18/1998 6:51:00 PM
From: Richie	Read Replies (1) \| Respond to of 97611

NW, I thought about calling an old broker friend to see if he has an opinion on CPQ. I may do that next week! RichieH

To: Night Writer who wrote (40527)	12/18/1998 9:09:00 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Comments From Morgan Stanley by: hlpinout 46560 of 46562 Morgan Stanley lifted its 12-month price target on Compaq Computer (CPQ) to $55 from $40 a share. Morgan analyst Gillian Munson said the computer maker is moving "solidly ahead" with the Digital acquisition and in its core business. Compaq said the Digital PC released three weeks ago hasn't had any serious problems reported as yet. In a research note, Munson highlighted several near-term and long-term hurdles for the computer maker and said that although the overall PC industry has suffered, Compaq continues to try to keep ahead of the game. She said Compaq appears to have worked through the inventory buildup of late 1997 and early 1998. Although Compaq is still trying to catch up to demand, Munson said the situation would probably not be resolved until the company's first quarter, but sees a lot of upside potential. Compaq will report fourth-quarter earnings and plans to host an analysts meeting during the week of Jan. 25. Munson said she suspects that both events will be positive. Shares of Compaq rose 2 9/16 to 42 5/8.