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To: Chuzzlewit who wrote (116720)4/12/1999 3:17:00 PM
From: Calvin  Read Replies (2) | Respond to of 176387
 
I can't believe that Prudential reiterates a Strong Buy recommendation on CPQ.

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COMPAQ COMPUTER

4/12/99 Bear Stearns downgrade buy to attractive, lowered estimates on disappointing news

4/12/99 Brown Brothers reiterates buy ST, buy LT., cut #s

4/12/99 BT/Alex. Brown downgraded from buy to marketperform on 1Q shortfall, lowered 1999 to $1, 2000 to $1.25

4/12/99 CIBC/Oppenheimer reiterates buy, lowered estimate, more details after conference call

4/12/99 DLJ reiterates market perform, target $45, announce 1Q EPS of $.15 vs street $.31, revenues $9.4B vs. street estimate of $9.7B

4/12/99 First Boston reiterates buy, lowered 1999 from $1.70 to $1.25, 1Q revenue like to fall short of forecast

4/12/99 Goldman Sachs downgraded from recommended list buy to marketperform, lowered 1999 from $1.70 to $1.15

4/12/99 Merrill Lynch reiterates 3-1 rating, disappointing news

4/12/99 Morgan Stanley Dean Witter downgraded from outperform to neutral, pre-announced earnings shortfall

4/12/99 Paine Webber reiterates neutral, lowered 1999 from $1.85 to $1.80, price war likely

4/12/99 Prudential reiterates strong buy

4/12/99 Prudential reiterates strong buy, target $49, lowered 1999 from $1.80 to $1.40, 2000 from $2.40 to $1.95

4/12/99 S & P Market Scope reiterates accumulate on 1st qtr disappointing pre-announcement

4/12/99 Salomon Smith Barney downgraded from buy-high to neutral-high risk on disappointing pre-release

4/12/99 SoundView reiterates buy, lowering our preliminary outlook for revenue & EPS substanially



To: Chuzzlewit who wrote (116720)4/12/1999 3:40:00 PM
From: rudedog  Respond to of 176387
 
Chuz -
We saw this in spades last year when IBM was also in the stuffing game - CPQ and IBM appeared to lose share and DELL gained, then IBM came from behind to displace DELL, then CPQ pulled away - and all of it figments of the measurement techniques. In reality IBM slowly lost position and DELL slowly gained on the frontrunners.

I don't know if Caol Ila is available outside of scotland but I'll see if I can get you a bottle.