Although it’s clear to all reasonable people that Compaq Computer Corp has done everything it could be expected to in warning that its market situation was deteriorating, but it’s dollars to doughnuts that some shareholder somewhere is with his lawyer right now raking through statements made by officers in the recent past to try to find something that could form the basis of a flimsy nuisance class action law suit, but in an attempt to mollify holders a little, Compaq plans to buy in up to 10m of its shares in open market transactions which should put a floor under the price.
