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


To: rupert1 who wrote (56148)4/9/1999 6:45:00 AM
From: rupert1  Read Replies (1) | Respond to of 97611
 
Also from WSK - market comment

The biggest gap in the market proved to be the performance of computer stocks, as computer makers such as Compaq Computer lost 5/8 to 29 5/8, Gateway dropped 1 3/16 to 75 1/2, and Dell Computer fell 1 7/16 to 45 on Nasdaq.

"It's fairly widely recognized in the market that the PC-related companies within the broader tech sector are seeing some slowing momentum," said Alan Skrainka, market strategist at Edward Jones.

Investors might have been looking for Dell to inject some optimism into the sector. The company met with analysts in New York. But while Dell touted its competitive position, it didn't encourage analysts to raise earnings forecasts.