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


To: Henry Niman who wrote (57863)4/14/1999 12:12:00 PM
From: rupert1  Read Replies (1) | Respond to of 97611
 
This is the CNBC written synopsis of the interview. Kinda loses something in the translation, doesn't it?
__________________________________
Eckhard Pfeiffer, Compaq (CPQ) & Eric Schmidt, NOVELL (NOVL)
From: Joan Wickham
Date: 4/14/99
Time: 8:45:42 AM
Remote Name: 209.81.160.55

Comments
Eckhard Pfeiffer, Compaq (CPQ) & Eric Schmidt, Novell (NOVL)

CPQ was downgraded by many investment firms after unexpectedly disappointing earnings.

CPQ is faced with a class action suit by investors who say CPQ failed to disclose information on the weakening of demand.

Pfeiffer believes CPQ is on good strategic course. He feels the company is constantly giving information. Earnings release and guidance will be out on next Wednesday. Personal commitment to ongoing communications.

Final days of the quarter can be pivotal in determining the outcome. The short fall expected is only 5% of the total estimate.

Schmidt of Novell also feels that CPQ's broadening is working.

Feels Y2K issue has had no effect. To date.

CPQ will pursue both the direct and indirect sales models in the future in order to take advantage of the internet.

CPQ and NOVL have announced a caching system which will have ten times higher performance.