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

To: Roads End who wrote (55920)	4/7/1999 10:45:00 AM
From: Kenya AA	Read Replies (1) \| Respond to of 97611

New Positivity in PC Sales By James J. Cramer 4/7/99 7:36 AM ET A new, more positive consensus just formed about PC sales, and we are seeing the effects in the stocks these last few days. After a crummy February, March PC sales picked up pretty dramatically, courtesy of Intel's (INTC:Nasdaq) new Pentium III. This product ended the freeze in the market and allowed business to move forward. I have been loath to play this move with anything other than the highest-quality names. Yesterday, for example, with all of the hoopla about Sun Micro's (SUNW:Nasdaq) new Microsoft (MSFT:Nasdaq) killer and Dell's (DELL:Nasdaq) investment in Red Hat, another anti-Microsoft product, I took advantage of the weakness in Microsoft and bought more. (In this market, down 1 1/2 is weakness.) What the heck, the real winner in any spurt in computer sales is still Microsoft, with Intel a close second. Don't need to outthink this. Never do. How long can this spurt last? You've read the same stories I've read, about how the Pentium III just doesn't get people excited enough to migrate, so I can't be sure. But what is more important is the consensus itself and how it was just formed, by examining just-released March data. Some, including me, were getting worried that there wouldn't even be this spurt, that this introduction would do nothing to spur sales. That worry was wrong. And with so many of the PC stocks down big from their highs, it seems like a decent trade. Certainly not of Net proportions, but certainly nothing to sneeze at. Random musings: The Wall Street Journal leads with Ford (F:NYSE) sales today. Hey guys, I know you have to make use of that Detroit bureau, but how about a little recognition of what's going on with this market? Save that stuff for the Detroit Free Press.

To: Roads End who wrote (55920)	4/7/1999 10:49:00 AM
From: Kenya AA	Read Replies (2) \| Respond to of 97611

Morris and Morris Announces Class Action Against Compaq Computer Corp. Business Wire - April 07, 1999 09:46 WILMINGTON, Del.--(BUSINESS WIRE)--April 7, 1999-- The following is an announcement issued by Morris and Morris: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of Texas on April 5, 1999, on behalf of all persons who purchased the common stock of Compaq Computer Corp. (NYSE: CPQ) ("Compaq" or the "Company") between January 27, 1999, and February 25, 1999, inclusive (the "Class Period"). The complaint charges Compaq and certain officers with violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 as well as Rule 10b-5 promulgated thereunder. The complaint alleges that defendants issued a series of false and misleading statements and failed to disclose material facts regarding a slow down in demand for and sales of Compaq's products in the first two months of the first quarter of 1999. As a result, the price of Compaq common stock was artificially inflated during the Class Period. During this time period and prior to the disclosure of these adverse facts, Compaq insiders sold hundreds of thousands of shares of Compaq common stock, earning millions of dollars. Plaintiff is represented by, among others, the law firm of Morris and Morris. Morris and Morris, a law firm with a national practice, has taken a leading role in successfully prosecuting class and representative litigation on behalf of defrauded investors in numerous state and federal courts. If you are member of the Class described above, you may, no later than 60 days from March 12, 1999, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have questions concerning this notice or your rights or interests, or would like more information about this lawsuit, please contact: CONTACT: Morris and Morris, Wilmington Patrick F. Morris / Jacqueline L. Green 800/296-0410 e-mail: Morrisandmorris@compuserve.com -