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


To: Elwood P. Dowd who wrote (44446)1/21/1999 8:36:00 AM
From: Terror  Read Replies (3) | Respond to of 97611
 
Hi El,
When do you see CPQ breaking out of the 40's to hit 50's and then 60's? Do you have a time frame. Thanks, Holy Terror



To: Elwood P. Dowd who wrote (44446)1/21/1999 8:54:00 AM
From: Kenya AA  Respond to of 97611
 
Hi El: Nothing in today's IBD, but here's a bit of interesting news ......

Compaq Announces Amendment to Shopping.com Tender Offer; Reduces Price to $18.25 per Share
Business Wire - January 21, 1999 08:44
HOUSTON--(BUSINESS WIRE)--Jan. 21, 1999--Compaq Computer Corporation (NYSE:CPQ) announced today that its tender offer to purchase all of the outstanding shares of common stock, no par value, of Shopping.com (OTC:IBUY) as described in the Offer to Purchase dated January 15, 1999, has been amended.

The new offer reflects a revised offer price of $18.25 per share as compared to Compaq's original offer of $19.00 per share. The reduction in price was negotiated between Compaq and Shopping.com following the disclosure by Shopping.com of additional information, including information regarding the number of shares of common stock and convertible securities outstanding. Compaq is mailing today a supplemental letter to all shareholders of Shopping.com describing this amendment.

The board of directors of Shopping.com continues to endorse the offer and recommends that the shareholders of Shopping.com accept the offer from Compaq and tender their shares of common stock to Compaq pursuant to the offer.

Company Background

Compaq Computer Corporation, a Fortune Global 100 company, is the second largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, networking and communication products, commercial desktop and portable products and consumer PCs. The Company is an industry leader in environmentally friendly programs and business practices.

Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at compaq.com or by calling 1-800-OK-COMPAQ. Product information and reseller locations are available by calling 1-800-345-1518.

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Compaq, Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

CONTACT: Compaq Computer Corporation, Houston
Jim Finlaw, 281/514-6137