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Technology Stocks : DELL Bear Thread
DELL 162.01+0.6%Oct 31 9:30 AM EDT
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To: jjs_ynot who wrote ()8/10/1999 3:25:00 PM
From: steinmetz  Read Replies (1) of 2578
 
DELL Stock will go down a great deal. Here is why. Peter Lynch, the great stock picker once said, if you like a company's products, or if you like something good about a company, then buy that stock. If you apply that criterion, DELL is bound to go down a great deal. I am giving a direct example. I recently bought a high-end DELL computer. The technical support is really dreadful, the customer service is even more dreadful. That's within a month of buying that machine. Thank God, I did not buy any servers and other workstations as I was planning to.

Don't be fooled by the so-called "Large Orders" such as from Amazon.com or other companies. There is no profit margin for companies such as DELL in selling to large companies. They are competetive bids and the large companies sqeeze a hefty concessions out of these peddlers so that there is no profit margin left. The profit margin for personal computer companies mainly comes from individual buyers (these poor slobs can't negotiate any price!) and small businesses who don't have any clout. The other people I have talked to have told me the same thing.

So, expect DELL stock to go down a lot as the customers bail out. There is a "lag time" before a company's behavior is reflected in the stock market. Then there will be a stampede.

If you are interested in a value stock, look at Compaq. They have learned their lesson. Another company to watch for is "Hand Technology" based in Austin, Texas. Wait for their IPO. They seem to understand customer service. I also consider HP to be a good stock.

Bail out of DELL when there is still time!
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