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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (32569)	4/12/1999 8:18:00 AM
From: accountclosed	Respond to of 86076

at least mr globex ain't agreeing that it's co specific NSDQ100 JUN99 2205.60 -4990

To: IceShark who wrote (32569)	4/12/1999 8:34:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 86076

"In a phone interview, President and Chief Executive Eckhard Pfeiffer elaborated on Compaq's announcement Friday that first-quarter revenues would add up to only $9.4 billion, or 6 percent less than the $10 billion Wall Street forecast. Pfeiffer would not comment on how a 6 percent decline in top-line revenues could translate into a 50 percent drop in profits. Compaq is still calculating how PC price cuts and lower margins will affect Compaq's bottom line, he said. [No kidding!!!] 'When demand is not as strong as expected ... (and) if you intensify some of your pricing ... that in turn does not only have a margin impact, but a sales impact,' Pfeiffer said of the trickle down-effect on Compaq's results last quarter." [As if explaining it will somehow soften the blow!] Of course, Compaq management were "surprised" by the pricing pressures. I guess they are even more surprised that they recently sold at the high... ;~) Check out all of the CPQ insider selling recently -g- biz.yahoo.com