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

To: David Campagna who wrote (42855)	1/9/1999 3:17:00 PM
From: Stevefoder	Respond to of 97611

The logic is OK. However earnings will be higher than that. I guess $2.25 with PE of 33. 12/31/99 = 76.

To: David Campagna who wrote (42855)	1/10/1999 10:45:00 AM
From: Windseye	Respond to of 97611

David, Consider comparing to IBM, now, given that CPQ has moved into IBM's territory and bears more resemblance to it, or at least is offering similar broad spectrum services and products. So, a PE of 30 (where IBM is now) may be more realistic for the time being. Doug

To: David Campagna who wrote (42855)	1/10/1999 10:56:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

David.... I agree with Windseye. CPQ's pe should be in the 28-30 range and '99 earnings should meet or slightly exceed $2.00. I had thought that CPQ would find its way to 50 by 3/31, but with the current momentum, that may occur sooner. Anything higher than 50 near-term would tell me that CPQ is getting ahead of itself. I'd rather see it rise solidly, steadily, and a little slower, thereby making gains that it doesn't have to give back as easily in the event of a market turndown or whatever. Of course, I'll take every 64th I can get. El