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

To: Lynn who wrote (47577)	2/10/1999 9:20:00 AM
From: Kenya AA	Respond to of 97611

Thread: Nothing in Today's IBD on CPQ - RS down to 85. K

To: Lynn who wrote (47577)	2/10/1999 9:29:00 AM
From: Kenya AA	Read Replies (1) \| Respond to of 97611

Sorry if already posted .... At the Goldman symposium . . . Rival PC makers have their say Dell, Compaq pitch attendees on growth plans By Steve Gelsi, CBS MarketWatch Last Update: 5:40 PM ET Feb 9, 1999 See: NewsWatch NEW YORK (CBS.MW) -- Dell touted broadband technology as rival Compaq played up the service side of its business in dueling pitches to the investment community at the Goldman Sachs Technology Investment Symposium on Tuesday. Founder and Chairman Michael Dell said he sees high-speed broadband technology as the single biggest stimulus for sales growth at Dell (DELL) and in the entire computer sector. Today on CBS MarketWatch U.S. stocks fall through Net Productivity up 3.7% in fourth quarter USA Networks in Lycos merger Net hit by Lycos deal, market decline Web poll reveals shopping attitudes More top stories... CBS MarketWatch Columns Updated: 2/9/99 6:13:54 PM ET Dell said the technology that delivers data-rich content such as sound and video over the Internet will lead more people to upgrade their computers. "Bottlenecks will go from the data lines to the PC," Dell said. "It'll make PC replacement more rapid." Dell is also mulling other computer-related product offerings to take advantage of a rise in e-commerce via growth in the Internet services offered by such companies as AT&T (T) and At Home (ATHM). Compaq (CPQ) Chief Financial Officer Earl Mason, by contrast, said his company's foray into direct sales has enabled it to steal some market share from Gateway (GTW) and Dell. Mason said he's "comfortable" with Wall Street's 1999 forecast of $43.5 billion in revenue for the company, up from $31.2 billion in 1998. The company sees double-digit growth in its services business this year as it adds an increased focus on the sector to its traditional hardware offerings. Compaq's relatively cash-rich position may also fuel growth, he said. Goldman Sachs analyst Gene Sykes said Compaq may be poised to shore up more e-commerce properties for its AltaVista search engine. The company is planning to sell 15 to 20 percent of AltaVista in an initial public offering. "They want to be a first-rate Internet player," he said. Steve Gelsi is a reporter for CBS MarketWatch.