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

To: rupert1 who wrote (59124)	4/21/1999 10:44:00 AM
From: JDN	Respond to of 97611

Dear Victor: If CPQ gets nothing then nothing changes. So long as the new companies worth can support CPQ's investment account in them I see no write down and write ups are VERBOTEN. I see no likelyhood of a taxable event arising for anyone over this. But to be honest, I have no idea how this IPO is being structured so these are only guesses. JDN

To: rupert1 who wrote (59124)	4/21/1999 10:54:00 AM
From: E_K_S	Respond to of 97611

Hi Victor - I believe CPQ has enough booked capital asset losses from DEC to off-set any long term gains from the sale of AV assets. If you look at pg. 53 of the annual report, you will see the net write downs of the DEC assets that must be written down over time. Also, from my quick review of the annual report, it appears that CPQ has created an accrual account for booked losses that continues to be adjusted from time to time to account for (1) sale of old assets, (2) re-valuation of purchased assets and (3) anything else they want to throw into the mix. These are very large numbers and accordingly very large adjustments. I am sure we have not seen the last of these "one-time" adjustments. The spin off of Alta Vista and IPO valuation will help further off set these other non-performing DEC assets. EKS

To: rupert1 who wrote (59124)	4/21/1999 10:59:00 AM
From: Loki	Respond to of 97611

victor...retaining a majority interest in AV, their financial position will be reflected in the consolidated financial statement of CPQ. Loki

To: rupert1 who wrote (59124)	4/21/1999 11:01:00 AM
From: Jimbo Cobb	Read Replies (1) \| Respond to of 97611

LSI/LPGL kicking some MAJOR BUTT today !!!!!!!! YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! jajajajajajajaja Jimbo.