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To: Olu Emuleomo who wrote (49923)	4/12/1999 5:39:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 164684

Hee Hee. But why didn't they get the good pr by doing this at 7:30 this am? Monday April 12, 4:21 pm Eastern Time Hewlett-Packard PC business on track PALO ALTO, Calif., April 12 (Reuters) - Hewlett-Packard Co. said Monday its PC business is growing revenues and profits and not seeing the weakness some competitors are reporting. ''We have delivered growth that is on plan and profits that are above plan,'' Duane Zitzner, president of HP Computing Products said in a statement. ''Our results since the middle of last year to this point in the quarter validate our direction in all our large regional markets of the world.'' Hewlett-Packard said it made the statement in response to questions raised following signs of weakness in some of its competitors' businesses. On Friday, Compaq Computer Corp. (NYSE:CPQ - news), the world's largest personal computer maker, said its first quarter profits would be less than half of what Wall Street had forecast. Hewlett-Packard said Monday that it has been successful with its strategy of balancing market-share growth and profitability, while expanding the number of channels through which consumers can sell its products.

To: Olu Emuleomo who wrote (49923)	4/12/1999 6:24:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

We should go back and look at the past 10-15 years and find the average duration for these Spring tech rallies. I think they usually last between 5 to 8 weeks. A lot depends upon how long and high the rally has extended itself prior to the Spring rally. You could be right - the rally started early and should finish early - but the end of April may be too soon, IMO. I think it will drop and try again before it finally heads south for a few months.