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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Frank Ellis Morris who wrote (145998)	10/29/1999 7:52:00 PM
From: Sonki	Read Replies (2) of 176387

frank, i have never sold a single share of dell from my acct. (ya, sold my kids, and ira a long time ago) I see no reason to deploy the $$$ else where. Company is not mis-managed. I do not see any change in dell execpt that in Jan it was trading at 80 pe and everyone thoguht it could goto 100 pe. The stock is just waiting for erning to catch up. (imo) So i will not sell Dell to redeploy to another stock. If i sell dell is cuz i want to make change in my asset allocation to bonds or cash which i will be doing gradualy over the next two years. Here is a part of email i got: Dell Good for Long-term Investors (DELL) Buyback investor David Fried encourages investors to take a longer view when considering recent bad news in the computer sector. In particular, top PC maker Dell Computer (DELL) announced last week that higher memory chip prices will hurt Q3 earnings. Dell blamed Taiwan's earthquake for crippling factories and causing a 15% drop in world supply; stock in Dell lost 3% the next day. Fried compares this with IBM's recent warning that its next two quarters could be weaker than expected. Big Blue said customers are delaying heavy equipment purchases until the passing of Y2K, and Wall Street immediately pushed the stock down 20 points. "What the IBM and Dell situations have in common is that they are both one-time events which will pass in one or two quarters," Fried says. These two high profile announcements both caused the market to swoon, Fried says. In his analysis, the market has no current sense of direction and investors are nervous about Y2K and interest rates. "Try to stay levelheaded when times are turbulent," Fried advises. "Next year at this time few will remember how the market was whipsawed these last few days." Fried is holding on to his Dell position, which gained 20% since he bought it last November. Dell is still attractive for investors looking for long-term gains. "We feel that Dell will meet our goal of doubling within 3-4 years of our recommendation," Fried says.

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