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

To: Andreas who wrote (57306)	4/12/1999 1:13:00 PM
From: rupert1	Respond to of 97611

Salomon, Compaq -2: Firm Cuts '99 View 79c, To $1.14/Shr Dow Jones Newswires NEW YORK -- Salomon Smith Barney cut its rating on Compaq Computer Corp. (CPQ) to neutral from buy, according to a research note. Richard Gardner also cut his earnings estimates on Compaq, which issued a profit warning Friday afternoon. The analyst cut his 1999 earnings forecast to $1.14 a share from $1.93 a share, according to the research note. These estimate cuts "reflect our belief that gross margins and (average computer selling prices) will continue to trend down going forward," the note says.