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

To: rupert1 who wrote (46938)	2/4/1999 8:12:00 PM
From: hlpinout	Read Replies (1) \| Respond to of 97611

victor, Yes, but we didn't partake in the run up the others did prior to this (as we know!) and not being a holder of say, MSFT or Dell, I tend to get a bit exasperated when that happens. From the Zoo. by: ShortnHung (56/F/San Jose, CA) 53399 of 53463 CPQ: CREATING COMPAQ.COM AND FOCUSING ON SALES AND SERVICES ON THE INTERNET; EXTENDING PC LEADERSHIP TO INTERNET LEADERSHIP; EXPECT MORE ON UNIX SIDE; MAINTAIN STRONG BUY RATING AND $60 PRICE TARGET Synopsis: The following synopsis is qualified in its entirety by the more detailed information contained in the full research report, including the discussion of certain risks associated with an investment in this security contained in "Investment Risks." Research dated prior to September 1, 1998 was prepared by an entity that was acquired by BancBoston Robertson Stephens Inc. Compaq last Friday announced the creation of its new business unit focused on sales and services via the Internet as a further step to improve its direct business. By creating Compaq.com, Compaq is taking one more step to show that it is focusing on improving its direct business. In the long run, however, we believe it is Compaq's intention to expand its PC market leadership to Internet leadership. We believe that Compaq's new focus on Internet will likely drive PC demand in the long term. With Internet Search capabilities programmed into computer hardware at the chip level, surfing the Net would be as easy as hitting a key and faster than computers without the embedded search capabilities. With new focuses, we believe that Compaq and a number of hardware companies will be able to further the advancement of Internet and e-commerce-related technologies in the long run. Consumer sales continue to be robust and UNIX businesses are growing again due to the successful integration of the Digital business. Compaq achieved an all-time record in its worldwide market leadership in 1998 and grew market share to 15.4% from 14.4% y/y. We believe that its consumer business were strong in Q4 with sales out of retail up about 100% y/y, while sales into the channel only grew 60%. We reiterate our Strong Buy rating and $60 price target with multiple expansion expected. Posted: Feb 4 1999 8:39AM EST as a reply to: Msg 53394 by sm1998a

To: rupert1 who wrote (46938)	2/4/1999 11:29:00 PM
From: Night Writer	Respond to of 97611

victor, I agree with you on Compaq's progress and future potential. This is a general hit on the tech stocks and not Compaq specific. NW MARKET NEWS: Wall Street stock prices tumbled on Thursday, with a steep slide in technology stocks leading the market lower amid concerns that a strong U.S. economy may lead to higher interest rates. The Dow Jones Industrial Average ended off 62.31 points at 9304.5, with computer giant IBM posting the worst drop in the blue-chip stock average. The Nasdaq Composite Index, laden with technology stocks, plunged 83.34 points, or 3.34%, to 2410.07, suffering one of its worst point drops ever. The S&P 500 Index, a broader market gauge, fell 23.58 points, or 1.85%, to 1248.49. The Russell 2000 Index of small stocks fell 5.95 points, or 1.4%, to 417.79. Declining issues outpaced gains on the NYSE by roughly 1925 to about 1070. U.S. Treasuries fell for the fourth consecutive day amid nervousness about the employment report due out on Friday. The benchmark 30-year bond was off 18/32 to yield 5.29%. For the full text story, see infobeat.com