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

To: Ada Marie who wrote (56751)	4/10/1999 1:55:00 PM
From: Elwood P. Dowd	Respond to of 97611

Ada... I heard that, too, but also heard the 20-30% thing somewhere either from him on CNBC or in a comment made by him in a news release. In any event, what's the diff when I'm in at 31 1/2. 20, 21, 22, 23... it's all the same to me. I won't sell this pig til it's back over 31 1/2, so I'll see ya on the golf course. El

To: Ada Marie who wrote (56751)	4/10/1999 2:03:00 PM
From: rupert1	Read Replies (2) \| Respond to of 97611

Ada: Kumar is King right now - and I don't want to deny any credit he deserves. But the last time I saw him in an interview about 8 week ago CPQ was in the mid-$40's and he was recommending it as a BUY, but with an aside that it might fall to the "mid-thirties". It is a constantly changing landscape and we are all fallible. I would be happy if it stopped at $24. Who knows what huge volume and momentum will do in a spike down. But I think $24-26 is an eventual equilibrium point, after it has touched bottom and rebounded. One possible saving grace for the stock is the 40% haircut it has already had from its high. Another is the possibility of stock buy back under the existing provisions.