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

To: Howard Feinstein who wrote (52356)	3/9/1999 5:05:00 PM
From: rupert1	Respond to of 97611

Howie: It's called fear. It's not pleasant. I'm not trying to minimise the damage. CPQ IR said that they never lowered guidance, that they expected to meet the original estimates and that EM asked analysts not to revise. GTW came out two days ago and said everything is going fine for them. MD said everything is fine at DELL. HWP is restructuring and admitted a little seasonal softness in the PC business. All current market reports say that CPQ is maintaining or slightly increasing its market share. The same report say that PC growth in January is between 13-15% Intel has not warned yet so cannot be blamed for what has happened. Indeed, rumours of the possible Intel warning arise from what has happened in the PC sector. Two thirds of analysts recommend a buy of some kind. Dan Niles who is currently enjoying a good reputation because of his call on DELL said CPQ is Strong Buy and one of his top picks, and this is after he called the company on the Friday the price dropped. Kumar (whom I don't respect) said CPQ is a buy in the mid-30's and should earn multiple to justify a price in the $50's. Last week EP said that CPQ is on track to meet analysts's revenue expectations for the year and might get to $50 billion ahead of schedule. If you think mid-20's is a realistic prospect (or if it keeps you awake) then lighten up now and buy later.