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Technology Stocks : Dell Technologies Inc.

DELL 120.07

-3.1%

3:59 PM EST

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To: Oeconomicus who wrote (164278)	3/4/2001 3:03:09 PM
From: mepci	of 176387

B: You are right to a large extent. Do you think that greed has disappeared. You can see that (so called) investors are dreaming of Dell to provide the type of hike in stock price that they got before 2 years. The only good thing about the go-go days is that there was tremendous of easy capital available for infrastructure development. Instead it was spent on lawyers, (dis)investment professionals and 40000 sq.ft bungalows. It has to be the most irresponsible spending in our lifetime. Fortunately some of it did goto the infrastructure development. And fortunately it should how inefficient the bricks(old companies) are. It is time to learn the lessons, tighten the belts, consolidate the gains and move on. Taking Dell as an example I want to see that its p/e is maintained at no greater than 30, and actually closer to 20. That means perform or perish to AMZNians. It is foolish to blame Greeny for the market woes. And what market woes? People here who don't have the guts to buy Dell at 25 are asking other people to buy it at 50. What type of snake oil selling is that?

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