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: Elwood P. Dowd who wrote (56277)	4/9/1999 4:57:00 PM
From: Roads End	Read Replies (1) \| Respond to of 97611

EL..This sucks. Steve HOUSTON--(BUSINESS WIRE)--April 9, 1999--Compaq Computer Corporation (NYSE: CPQ.N) announced that, based on preliminary analysis of its results for the quarter ended March 31, 1999, it expects to report results below analysts' estimates. Based upon a $9.4 billion revenue estimate and a less favorable sales mix, the Company now expects to report a profit of approximately $.15 per share. "The quarter's shortfall reflects lower than anticipated market demand and increased competitive pricing in the commercial PC sector," said Earl Mason, Senior Vice President and Chief Financial Officer. These statements regarding estimated results are preliminary. The Company expects to announce its final results on April 21, 1999. Business Outlook "While market conditions will continue to be competitive, we fully intend to expand our business and grow market share profitably in 1999," said Eckhard Pfeiffer, President and Chief Executive Officer. "We will roll out our enterprise strategy next week as 4,500 customers join us in Houston for Compaq's Innovate 99. The Company will continue its aggressive drive of reduction of cost and operating expenses in the face of a very competitive market."

To: Elwood P. Dowd who wrote (56277)	4/9/1999 4:58:00 PM
From: Steve Fancy	Respond to of 97611

They also announced they are laying out some new corporate strategy next week. I speculated earlier today they may bring AV back to life to offset revenue disappointments. Regardless, depending on what they have to say going forward, I think a lot of this disappointment is built in. Let's see what happens. sf

To: Elwood P. Dowd who wrote (56277)	4/9/1999 5:10:00 PM
From: SFW	Respond to of 97611

If CPQ goes down to 23, that may be a good place to take a partial position for a long term trade. If you are looking short term, things may be bleak for a while. By the way, CPQ used the same trick last time they missed. They made the announcement after the close on a Friday.

To: Elwood P. Dowd who wrote (56277)	4/9/1999 9:34:00 PM
From: Howard Feinstein	Read Replies (2) \| Respond to of 97611

El, I think you're on the money with 23-25 price! I bought 30 puts 2 weeks ago to cover myself for this day, and sold out more than half my position last week. Did you ever see such creeps running a company. I'm part of the last class action suit in February. There probably will be a few more law suits here. What lying B......ds EP and EM. How about bringing in Clint Eastwood for a HANGEM' HIGH!! Unreal 2 months! Howie P.S.-They're was actually some real buying of CPQ today!

To: Elwood P. Dowd who wrote (56277)	4/9/1999 10:32:00 PM
From: hlpinout	Read Replies (1) \| Respond to of 97611

Hello Y'all, Just thought I'd mention that CPQ was discussed on Wall $treet Week and was actually recommended. I didn't get the analyst's name but he stated that CPQ was a good buy under $30.00 (I know, I know, he has his chance). He didn't seem devastated about CPQ's announcement and would buy. I will try to find some reference later and post it. hio