<<<Would I be wrong in saying that the stock's performance over the past 13 months has been a disappointed to all of us that own the stock? >>>
Right as rain and very discouraging. To me the price has been so unpredictable since last May that I mostly gave up on buying calls.There seemed to be no correlation between news releases, analysts ratings, and the stock price. Expected run-ups to earnings were mostly lacking.
It mattered little what Dell or MSD said, the market
paid no attention or went the other way. He applies to sell 4 mm shares (<2%) and the stock goes up.
1999 was not all bad, looking at the weekly MSN charts Dell was
50 in Feb 1999 and then hit 53 in Dec - a new high. But sickening volatility.
Michael has stated he does not mess with the stock price. (he would use better words).
<<<< IMO, Dell's management, including MD, have said a number of things that turned out to be wrong. For example, Dell had stated that the earthquake was not a problem for Dell. That Dell could get the components needed to carry on with the business. They also stated that Y2K would not be a problem. Well, as we just found out, both of these items were problems for Dell.>>>
I admit one has to read between the lines here, since Dell
also said there would be an interuption of some supplies and increased dram prices. They could not have known at that time how serious it would be. On the Y2K and being ready, I assume Dell felt their products would perform well which they did. But almost everyone was surprised that the lights and power stayed on a the credit cards still worked.
I hoped the market would be a little more forgiving about
this last earning report, but nooooooooooooooooooooooooo, the bears
jumped on Dell like buzzards on a road-killed Armadillo.
Sig
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