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To: Mohan Marette who wrote (97605)	2/12/1999 7:07:00 AM
From: Calvin	Read Replies (1) \| Respond to of 176387

H-P hanging its hat on Net By Stephanie O'Brien, CBS MarketWatch Last Update: 6:52 PM ET Feb 11, 1999 Renegade reports NEW YORK (CBS.MW) -- Hewlett-Packard Co. (HWP) is positioned to thrive in the next chapter of the Internet, the company's executive vice president told investors Thursday. H-P's competitors like Dell Computer Corp. and Compaq Computer Corp. varied their pitches to investors this week at the Goldman Sachs technology conference in New York, but one refrain was common: the Internet is driving future growth. H-P's Ann Livermore acknowledged that the company "missed the first chapter of the Internet." The company vows "to right that," she said. It's making moves that should result in the Street's "changing estimates on the upside." The Palo-Alto, Calif.-based computer company plans to provide a range of products and services from computer chips to network security. H-P aims to meet a wide range of demands forced by the Net. The company is beginning to focus on software, storage management and e-commerce services, among other strategic plans. Goldman Sachs analyst Laura Conigliaro predicts that H-P will resume double-digit revenue growth in the July 1999 quarter. The company has taken "dramatic" measures to cut expenses, Conigliaro said in a note to clients. Sales of printers, home PCs and PC servers are strong, although sales of business desktop computers are not as robust, according to Conigliaro. Printers represent about 35 percent of H-P's revenue. While H-P is looking at the Web as the driver of future growth, some investors felt the company has a rigorous game of catch-up to play. "It sounds like a rationalization for missing the Net the first time around," said Alex Andrade, a portfolio manager at Davidson, Andrade, a New York hedge fund. "Now they're trying to recover," he said.

To: Mohan Marette who wrote (97605)	2/12/1999 10:55:00 AM
From: arthur pritchard	Respond to of 176387

Mo: <your 97608> Frank just showed me how to find it. Actually, I agree with the letter process you are experiencing. It however, is the policy of Schwab internally, to have the client settle within the first three days of what is probably in reality a seven day allowable period. They feel they are acting in the clients' best interest, by doing so. Actually after the third day, there are a couple of days more, if you have been running your accout conservatively. In other words, I have never pushed my three days. From what I obtained last night, talking with local traders here in round rock, this policy varies greatly with the firm, as well as the size of your account. Plus, I want no arguments with my broker.