Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Racso who wrote (54267)	3/20/1999 2:04:00 PM
From: Jay Durell	Read Replies (2) \| Respond to of 97611

According to money flow data from Bloomberg Analytics, IBM is expected to rally on Monday. Two reasons are given 1) triple witching day helped oversell the stock on Friday and 2) More shares were bought in rallies than were sold when the price fell. The AP report also states that a good earnings reports from Nike showing good growth recovery in Asia, as well as Cisco's claim of 50% increase in revenue from Asia this year will show encouraging signs that PC sales will follow suit in this region and help PC companies bottom line.

To: Racso who wrote (54267)	3/20/1999 2:07:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Racso: Thank you for the range of estimates. (You could add Bear Sterns to the list - its estimate was reported on the thread last Tuesday). What I found interesting is that most in the 29-34 range came as a result of the Mason talk to Credit Suisse First Boston clients and their analyst. CSFB reduced estimates to 31 but reiterated a BUY. All the other analysts who reduced estimates (except two) did so without consulting with the company. They all relied on the CSFB report as primary source material. One of the two was Dan Niles, who telephoned the company the next day. His estimate is also 31. He reiterated that CPQ was one of his top picks. There was one other who telephoned, whose name escapes me. Bear Sterns CC on Monday and the JP Morgan meeting on Thursday were the first detailed conferences with the company that we know about since the CSFB. Both firms had already reduced estimates before they met with COMPAQ. Neither the BS nor the JPM meetings reports that CPQ has changed its guidance or gone beyond saying what it said to CSFB, namely, that the first six weeks were slow, that the quarter was back-end loaded and that later sales may make up the difference. Apparently the company has caused JPM to think that it is a tight stretch but they may still meet expectations especially the revised version with econmies on the cost front. BTW the range from 20 to 43 shows that the word "consensus" is a misnomer. We are talking about an average or better still your word "mean".