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

To: Howard Feinstein who wrote (52505)	3/10/1999 11:14:00 AM
From: JDN	Respond to of 97611

Dear Howard: " All CNBC does is report"----BULLSHIT!! CNBC is the worst financial RAG I have ever seen in my life. They REPORT very little, what they do is SENSATIONALIZE and their reporters are so DAMN DUMP they wouldnt know a financial statement if it BIT THEM IN THE ASS. I only watch them to listen to a FEW of the guests they have on. I wish someday someone would sue the shit out of them and win. But, alas, you cant fight the media. Yes, I believe ALL of this downturn is directly attributable to CNBC. These ANALysts are not much smarter than CNBC and in this volatile market even a rumor is enough to have everyone scurrying for cover. NOTHING would make my heart gladder than would be if CPQ SUBSTANIALLY beats the latest estimates and I dont even have a big position in this stock, I would just like them to show up CNBC. JDN

To: Howard Feinstein who wrote (52505)	3/10/1999 11:29:00 AM
From: rupert1	Respond to of 97611

There is no mystery as to why the stock dropped from $41 to $31 last week. Credit Suisse first Boston analyst said that CPQ had effectively warned. Some 7 or 8 major brokerage houses took this second-hand report and revised estimates and some downgraded. One or two other analysts called the company. One of them was Dan Niles, who said the other analysts had overreacted and he reiterazted CPQ as a Strong BUY. But his was a lone voice talking after the stock had dropped. CNBC and then the rest of the media then provided the megaphone to recruit the masses. As someone said, the whole process will be reversed soon. Analysts will upgrade based on some statements from the comapny, stock price will rise sharply, the media will turmpet it and the massesd will buy. Momentum will take it to unsustainable highs, everybody will get excited, and then it will drop. Meanwhile, Michael Burke will then go back to his own thread and await the next apocalypse with his disciples (although I always enjoy his comments and sometimes lurk on his thread to admire the intellecutal ingenuity with which he explains how the bear theory has been so wrong so often over the past few years).