Luc,
Correct me if I am wrong. This is just rough math with no real analysis.
$848 million earnings last year.
Currently 706 million shares
1.51% increase in first quarter.
1.51 X 848 =1,280.5
1,280.5 / 706 = 1.81 a share earnings.
30 X 1.81 = 54.30 a share
95 / 1.81 = 52 PE for this year
If they grow again 50% next year
1.5 X 1.81 = 2.72
95 / 2.72 = 35 PE
At $95 the market is current pricing Dell based on a 50% growth through 1999. If I got my rough math correct. Let's hope they make it, and Compaq jumps up to join them in the fun. Think about it, if they can do it on boxes and servers, Compaq will do more with Boxes, servers, big boxes, internet, and service. Frankly, I think Dell is enjoying the internet craze right now. If you think about it they are a consumer internet retail outlet for PCs.
NW
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