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


To: Lynn who wrote (57166)4/12/1999 9:30:00 AM
From: rupert1  Read Replies (1) | Respond to of 97611
 
Lynn: More info on that $25 target. What he is really saying is that due to the warning I don't know what's going on so I'm putting in a ridiculous low taregt until I do.

"LOWERING RATING AND TARGET PRICE
We are lowering our rating on Compaq shares from 1H to 3H and reducing our price target from $65 to $25. While our 2000 estimate of
$1.47 suggests a twelve month target of $30-35, we believe that Compaq shares will remain in the mid-$20s pending greater visibility into the causes of this quarter's margin shortfall, and the implications for Compaq going forward "