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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Alok Sinha who wrote (3053)	5/17/1999 4:55:00 PM
From: William Partmann	Read Replies (2) \| Respond to of 4722

Everybody on the Street knew this quarter would show small revenue growth. Merrill Lynch in its May 14 bulletin said: <<We forecast revenue growth of 3% in the F2Q to 12.4>> They also said << We are raising our price objective from $90 to $100 or 26x our F2000 estimate of $3.90. HP still has much to prove, but improved earnings and an internet strategy should move the stock higher.>> I suspect there will be the typical "sell on news reaction", but the stock is headed in the right direction. Let's see how the meeting goes.