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

To: Lynn who wrote (60825)	5/7/1999 9:09:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

WSJ Report on the Inside Buying May 7, 1999 ------------------------ Compaq Computer Directors Purchased Shares Since CEO Ouster By MARK BOSLET Dow Jones Newswires PALO ALTO, Calif., -- Seven Compaq Computer Corp. (CPQ) board members, including Chairman Benjamin M. Rosen, purchased shares of the company since the April 19 ouster of Chief Executive Eckhard Pfeiffer. The purchases, some of which were made with stock options, appear designed to give the impression those at the top see value in the struggling computer manufacturer. A Compaq spokesman said only that the purchases speak for themselves. The transactions, disclosed Friday in documents filed with the Securities and Exchange Commission, include the purchase of 15,260 shares at market prices and the exercising of 101,000 options into common shares that the directors have since held. The officials are "trying to send a signal to the market that this company still has great long-term value," said Richard Gardner, an analyst at Salomon Smith Barney. Nevertheless, say analysts, it is easy to read too much into stock purchases. In February, other company executives sold thousands of shares when Compaq stock was priced considerably higher. A Rosen-led board dismissed Pfeiffer, a 16-year Compaq veteran, just over a week after the company surprised Wall Street with an announcement first-quarter earnings would badly miss expectations. On the Monday after Compaq's late Friday earnings warning company shares fell 22%. Even though Compaq has to navigate a rapidly changing personal-computer market and integrate its acquisition of Digital Equipment Corp., Rosen has indicated he hopes to re-energize the company. Until the appointment of a new chief executive, Rosen will run an office of the chief executive with Vice Chairmen Frank P. Doyle and Robert Ted Enloe. Rosen is serving as acting chief executive. According to SEC documents, Rosen exercised options for 81,542 shares on April 26 and now owns 5.38 million shares. He exercised his options at prices between $4.72 and $16.03 a share. Also exercising options in late April were director George H. Heilmeier, 1,000 options at a price of $6.70 a piece; and director Kenneth L. Lay, 50,000 options at $7.25 to $16.03 a piece. Purchasing stock were directors Judith Craven, 1,000 shares at $23.12; Lawrence T. Babbio Jr., 5,000 shares at $23.37; Robert T. Enloe III, 5,000 shares at $23.19; and Thomas J. Perkins, 4,260 shares at $23.44. -By Mark Boslet; 650 496-1366

To: Lynn who wrote (60825)	5/7/1999 9:23:00 PM
From: Feathered Propeller	Respond to of 97611

Lynn: Re:The World... Otherwise known as the War and Peace of malapropisms.

To: Lynn who wrote (60825)	5/7/1999 9:50:00 PM
From: rupert1	Read Replies (2) \| Respond to of 97611

Lynn: Finally, the Magna Carta provided that no free man should be hanged twice for the same offense. I had to stop reading I was laughing so much. It reminded me of the student term papers in certain Canadian Universities. Ask them, for example, to discuss 19th century theorists and you would get a "seamless" concoction of original work and the plagiarised excerpts. And they wondered how you knew. It went something like this (I'm reconstructing and putting the plagiarised bits in bold): "Once upon a time there was the 19th century and it had a lot of thinkers in it. Some of them were men and some of them were women but mainly men with beards. Mr. Durkheim was a French man who thought a lot. *Durkheim's concept of anomie* describing the synchronic dysfunctionalism characteristic of societies undergoing atypical stress**, was a big idea. And another man who had good ideas, too, was Karl Marx. Mr. Marx sat in a library in London and thought up a lot of things to write about, such as, the historical dialectic which is constructed of thesis and anti-thesis had its roots in Hegel's work: but Marx turned Hegel's reliance on the moral dimension on its head and posited instead a material dialectisim which relied upon the conflict of classes struggling for control of the commanding heights of the economy in any given age. Freud was another one with big ideas. He had a beard and glasses and lived in Vienna and they made movies about him, he is scary. He was interested in sex and some of his women wore Freudian slips. His patients used to lie down in front of him on a couch and Freud would subject them to a forensic examination of their Id - that boiling cauldron of primitive and unconstructed sexual emotion - as he methodically uncovered the architecture of their Ego in its constant state of flux between the Id and Super Ego. I could go on.