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

To: Night Writer who wrote (59969)	4/28/1999 12:26:00 AM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

My financial advisor mentioned CPQ by: blforbigloser (36/M/Campbell, Ca) 73073 of 73076 and Apple in his weekly letter he sends out on Monday after market... relevent sections enclosed: PFEIFFER-NILES CORRECTION CORRECTED The reports of the PC industry's death have been greatly exaggerated. Eckhard Pfeiffer and Dan Niles all but proclaimed the revolution over a couple of weeks ago in a failed attempt to restore the rust belt Monarchy that ruled Wall Street in the pre-technology era. Pfeiffer, appropriately, lost his job; Niles, for all the billions he cost those who listened to his words, will no doubt be a featured bear on CNBC until he decides to be born-again and believe once more. An analyst who goes on national T.V. for two weeks and screams "fire sale" in a bull market should be given the same treatment as Pfeiffer. The story of the week was Big Blue. IBM, not Microsoft, came to the rescue with its earnings report last week, putting the lie to Pfeiffer's claim that the slowdown at Compaq wasn't due to Compaq. In what will go down as one of the great whines of all time, he stated after his dismissal: "The board of directors of Compaq should hang its collective head in shame." Hey! Buddy! Pardon me for saying this, but Michael Dell has kicked your ass all over Wall Street and you haven't seemed to notice! If Compaq's board has a reason to hang its head in shame, it is because Dell has gone up over 20 times in value since Compaq last doubled. By the way, speaking of the PC industry, what was the second best performing PC stock after IBM last week? It wasn't Dell. Nor Gateway. It was Apple Computer, which continues its remarkable comeback from the abyss. After it calls its convertible debt in a few months it will have $15 a share in net cash on the balance sheet, with huge cash flow. The remaining question is can it keep it up? My bet is it can. With 19% of the Japanese market, and being the favorite among kids here in the states because of its snazzy colors and marketing, I believe Apple will get the 50's sometime this year. Last week it could be had for 34, and on a pullback to that range is definetly worth a buy in my opinion. January 2001 strike 25 LEAPS cost about 20 today. If you have extra cash and can back up a purchase of 1 with another should it pull back you stand an excellent chance of making 100% on your money by the time the calls expire, if not the end of this year.