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

To: rudedog who wrote (50491)	2/28/1999 4:19:00 PM
From: Walcalla	Respond to of 97611

Hi Rudedog, this is from The Bull Market Report. COMMENTARY Everyone I talked to this weekend thought we had a horrible week. Well, I grant you it didn't end very well, but the indicies weren't really that bad. The Dow was down 33 points, yes, but the S&P 500 was unchanged and the Nasdaq was actually up for the week. So there. Relax! The most active was Compaq (CPQ) and it was destroyed on Friday, closing down 6 for the week to $35. TIME OUT: Compaq is ON SALE!! What? Yes, Compaq is ON SALE. Think about this for a minute. Here's what happened: Merrill Lynch reported that in their opinion they are going to earn 30 cents next Q instead of 35 cents and that sales will be $9.8 B instead of $10.0 B because prices are dropping for PC's. Helloooo…. Prices have been dropping since 1981 when IBM brought out the PC with dual floppies. Seriously, there were some significant downgrades on CPQ from other Wall Street firms but this was the “jump-on-the-band-wagon” scenario. We think that this slight slowdown, if it indeed materializes at all, won't affect Compaq's management in their quest to reach $50 billion in sales by 2000.