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

To: rupert1 who wrote (57125)	4/12/1999 8:06:00 AM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

vic-------- INTC will be a better guage but it looks like CPQ may just have been 1st. Novellus Q1 shr $0.25 vs $0.60 SAN JOSE, Calif., April 12 (Reuters) - NOVELLUS SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share amounts) Three Months Ended Mar 27, Mar 28, 1999 1998 Net Sales $115,231 $163,214 Cost of Sales 54,097 73,283 Gross Profit 61,134 89,931 Operating Expenses Research & Development 26,544 30,872 Selling, General and Administrative 21,871 27,348 Total Operating Expenses 48,415 58,220 Income from Operations 12,719 31,711 Interest Income, Net 1,348 31 Income before Income Taxes 14,067 31,742 Provision for Income Taxes 4,642 10,792 Net Income 9,425 20,950 Basic Net Income per Share 0.26 0.62 Diluted Net Income per share 0.25 0.60 Shares Used in Basic

To: rupert1 who wrote (57125)	4/12/1999 8:27:00 AM
From: tonyt	Read Replies (1) \| Respond to of 97611

What time do you think cpq will open today? The order imbalance might keep cpq from trading till 10am

To: rupert1 who wrote (57125)	4/12/1999 6:54:00 PM
From: hlpinout	Respond to of 97611

BANCBOSTON ROBERTSON STEPHENS DOWNGRADES INTC, HWP, MUEI AND CPQ Story Filed: Monday, April 12, 1999 5:32 PM EST Expects Tough Computer Hardware Environment, as ASPs Head Lower in Both Corporate and Consumer - Y2K Lockdowns Also a Concern SAN FRANCISCO, April 12 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and senior hardware analyst Daniel T. Niles today downgraded Intel Corp. (Nasdaq: INTC), Hewlett Packard (NYSE: HWP), Micron Electronics (Nasdaq: MUEI) and Compaq Computer (NYSE: CPQ). "We are downgrading the following hardware stocks: Intel, from a Strong Buy rating to Long-Term Attractive; Hewlett Packard, from a Buy rating to Long-Term Attractive; Micron Electronics, from a Buy rating to Market Performer; and Compaq Computer, from a Strong Buy rating to a Buy," said Niles. "We believe PC revenue growth will be 3 percent, versus our prior expectation of 6 percent and versus 2 percent in 1998. In our view, PC revenue growth will be difficult through the fall of this year due to: 1. the move to sub $500/free PCs in consumer, 2. Celeron penetration in corporate, 3. Y2K lockdowns by large corporations near mid-year, and 4. the usual summer seasonality, which seems to be an issue each year," said Niles. "However, we see some potential positives for the industry, such as: 1. low inventories in the channel, 2. a recovery from -- 2 percent to double-digit positive unit growth in Asia, 3. increased Y2K spending by small/medium corporations, and 4. increasing broadband deployment that could spur demand for more powerful PCs," said Niles. Clients interested in receiving more information should contact their salesperson at 415-781-9700.