<<reduction in the price target from $55 to $50.>>
Analysts should leave those projections to someone better equipped
like an SI Dell bull.
1. 2 years ago with Dell at about $80/sh, an analyst projected a 12 month target of $105. He missed by $175/share
2. In Feb 1998, with Dell at $102/sh, a 6 month projection was
$135. He missed by $81/sh.
3. One year ago, with Dell at $110/sh the projection was $124/sh
He missed by $44/sh.
In the heat of the present battle, it seems important (and it momentarily is) whether Dell is at 42 or at 50. But sometime when Dell reaches $110 /share after the next split, we can go through the whole routine again.
Analysts that made those projections were experienced,respected,
and well paid. With a drawer full of reports, earnings, IDC data,
sales projections, etc. Perhaps overpaid.
Holy Toledo, the Naz is up 3100?(or31)
Sig
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