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

To: robbie who wrote (46263)	1/30/1999 11:24:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

robbie: That list was fun, thanks for maintaining it. Perhaps we should start another - maybe in mid-February. The CPQ Yahoo Club Thread claim that they were bang on the nose with an average of 43. Congratulations to them! They were better than us if our average was 39. But we started much sooner than they did. We allowed second guesses and we had some frivolous estimates. If we removed the double voting and the extreme estimates - 52, 20, 25 and 01+ I suppose our average would have been about 38. I'm not one for special pleading, like Kumar, that the real earnings were about 37 or 38 when you remove the "distortion" caused by the tax issue. The tax credits were part of the calculation of the cost of the DEC acquisition and it is rubbish to claim that it was an extrinsic factor. Perhaps some analysts simply failed to calculate it correctly. But I would be interested to know how much more tax write-offs, if any, from the acquisition will be available in future quarters, or whether the shift to a lower tax rate is permanent.