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

To: rupert1 who wrote (55352)	4/1/1999 9:59:00 AM
From: williet	Respond to of 97611

Why has CPQ not announced a date for earnings????????? Is EM fearful of the number?????????????? Is he trying to protect the last days of his fledgling position????????? Does the flurry of corp. officer stock sales last month portend for a horrible quarterly report???? These questions need to be addressed...and NOT BY EM OR EP because both have lost focus at the expense of the stockholders. Our time is coming later this month at the shareholders meeting. I will be there to ask these tough questions and DEMAND answers. I will also seek the removal of certain key officers that HAVE NOT performed in the best interest of the shareholders. The same situtation occured a few years back at the INFORMIX meeting. The resulting decision was the removal of both the CEO and CFO of the company. Time will tell about this company. williet

To: rupert1 who wrote (55352)	4/1/1999 10:09:00 AM
From: Aitch	Read Replies (1) \| Respond to of 97611

Hi Victor, Off home now to sup some of Scotland's finest amber liquid... Here is my parting shot: CPQ: February Sell-Through Data - No Snap-back 09:07am EST 31-Mar-99 PaineWebber (Young, Don) * The StoreBoard February sell-through data showed only a modest pick-up in PC sales out of the U.S channel system from the slowdown seen in January, and Compaq fared no better than the general industry. * Compaq's share of the overall dealer market grew from 29% to 31% sequentially, largely at the expense of the white box vendors, who lost two points of market share. Compaq's bright spot was gaining back the dealer desktop share that it had lost in January. * Compaq's dealer notebooks lost two points of market share to 21% as IBM's dealer notebooks dominated again in February (54%). * In the retail channel, Compaq lost a point of market share, falling to 31%, as a two point share gain in retail notebooks was offset by a share loss in desktops (down 2 points to 31%). * Compaq's overall ASP declined slightly to $1392 from $1403 in January. Without the seasonal mix shift towards higher-priced commercial products, the ASP decline could have been steeper, since declines in dealer notebooks and servers were significant. * We recommend that clients underweigh PC hardware manufacturers, as a recovery in PC demand appears unlikely over the next several quarters. Since the beginning of 1999, we have reduced our annual estimates for CPQ, DELL, HWP, and MUEI to reflect our concerns of slower PC demand. The results of our SMB survey suggest that our estimates may still prove to be too aggressive. Quarterly Earnings Per Share 1998A 1999E 2000E 1Q $0.01 $0.34 2Q 0.02 0.41 3Q 0.07 0.48 4Q 0.39 0.61 Year $0.48 $1.85 FC Cons.: $0.47 $1.75 $2.26 Revs.(MM): $35,426 $43,000 P/E: 67.6x 17.5x Risks: Compaq investments contain a high level of risk from fast changes in technology, industry conditions and competitive pressure.

To: rupert1 who wrote (55352)	4/1/1999 10:52:00 AM
From: QuentR	Respond to of 97611

To Thread: Microsoft TechNet Briefing and Compaq. Yesterday, I attended the Microsoft Technet, a Microsoft forum for IT professionals to learn more about the technical details of Microsoft products - i.e. new product sales pitch. Interesting to note the high prominence of Compaq at this meeting. They had about 1/3 of the booth space with literature and demonstration models in a learning center. They presented a good sales pitch at a luncheon session. I haven't followed Compaq services but the list is growing from internet connects with GTE, financing & others. The bottom line is that from my perspective of attending these and other IT conferences Compaq has increased their presence over the past four months. This should generate more sales and give corporate buyers stronger feelings about the company. People I talked with had a better feeling about the company. Dell computers have a strong presence here but they were not at the conference. Compaq was pushing Prosignia line for small and medium sized businesses. They said you could buy products direct on line and showed the web site(http://www.directplus.compaq.com/ ), but encouraged buying through the channels. Corporate buyers can even name a reseller to "get credit" for the sale and hopefully they would provide you future services on the sale. They were a little vague about what you could expect to get vs. what you would get.