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

To: uu who wrote (47529)	2/9/1999 8:05:00 PM
From: scott bolio	Respond to of 97611

The street.com has been doing a pretty good job on updates from the Goldman Tech Conference here is a summary of the CPQ presentation. At Compaq (CPQ:NYSE), a packed house listened quietly as CFO Earl Mason spelled out some 1999 financial guidelines. It wasn't riveting, but analysts ate it up. "I think the fact that Compaq is comfortable with some pretty aggressive revenue estimates is evidence that they have turned things around," says a money manager, who requested anonymity because he plans on buying as much of the stock as he can. Mason said he was comfortable with 1999 annual revenue estimates of $43.5 billion, up dramatically from $31 billion in 1998. Using new buzzwords, Mason says that what was formerly a PC company is now an enterprise outfit. He sees substantial upside to the company's server and storage businesses. Currently, Compaq sells about $15 million a day online. "Stay tuned to watch us grow Altavista with new shopping and e-commerce alternatives," pitched Mason. (For the record, Mason pronounced the soon-to-be portal Altaveesta, not Altavista.) Full story thestreet.com