A definitive bottom was put in yesterday on a sell-off of pretty heavy volume. Now maybe this FAT HOG can start a pre-earnings climb back to 30+ where it belongs. Here's an interesting note from the chief moron at the Yahoo Zoo. El
The Beloved Michael Dell - NOT!
by: dullheads_make_good_pets
10/13/00 8:15 am
Msg: 188886 of
188894
PARIS -- Europe's lagging behind the U.S. when it comes to
technology is a perennial topic at industry conferences here. But
don't tell Europeans they're not making enough of an effort on the
high-tech front and expect to get away with it anymore.
Witness the response that Michael Dell, chief executive of
Texas-based Dell Computer Corp., generated this week when he
told an audience at a Madrid business school that "there's a long
way to go in Europe in technology."
"Cheeky monkey," wrote the Register, a British online
magazine, saying Dell's own woes were responsible for his view
of the market.
Executives at the computer maker's rivals in Europe were almost
as outspoken in disagreement.
"I think it's ridiculous to imply that European companies are
going to operate exactly the same as their U.S counterparts,"
said Val Rahmani, the head of International Business Machines
Corp.'s wireless-related activities in Europe, the Middle East and
Africa. "To say they're not embracing technology fully couldn't be
farther from the truth."
Ms. Rahmani said Mr. Dell was too focused on the
personal-computer market, and that it was instead consumer
and business wireless applications that were exploding. She
also pointed out that Germany's Siemens AG this week unveiled
a plan to spend 1 billion euros ($869.3 million) to upgrade its
internal use of technology, an announcement made the same
day as Mr. Dell's comments.
"This is a fundamental disagreement," said Kasper Rorsted, vice
president and general manager for the enterprise business group
at Compaq Computer Corp. in Europe, the Middle East, and
Africa. "Particularly in the wireless space, Europe is actually
leading the adoption of technology."
In his comments at the business school Tuesday, Mr. Dell had
said Europe was failing to take up technology as fast as it could.
"When do I see it changing? Well, when do European
businesses embrace technology fully? Technology is the
essential ingredient in the modern capitalistic system," he said.
"I think it's a better question for European businesspeople, it's an
issue which I think has to improve." He said Europe's economy
was bigger than that of the U.S., but the region had half the
number of personal computers.
Dell last week blamed an expected shortfall partly on
lower-than-projected revenue growth in Europe. The company
declined to offer further commentary on Mr. Dell's remarks in
time to be included in this article.
"There's no black-and-white answer," said Thomas Reuner, an
analyst with technology research firm Gartner Group's Dataquest
unit in London. But, he said "People could rightly feel slightly
offended by such generalizing statements." |
