SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kemble s. matter who wrote (149559)12/20/1999 2:16:00 PM
From: Chuzzlewit  Read Replies (2) of 176387
 
Kemble,

I strongly agree that the NAZ is an "accident waiting to happen". In the past (such as the October '97 meltdown) we have seen unwarranted fears bringing the tech market to its knees. But back then we didn't see the froth we are seeing now. Good quality companies like CSCO are currently trading at obscene multiples of expected earnings and cash flow, not to mention more speculative stocks like SUNW and QCOM. I think we are in the final frenzy stages of the "greater fool theory", and at some point soon there will be a mad rush to get out of the doors. I suspect it will occur in January, but I have no basis for this prediction other than the possibility of many investors trying to defer capital gains taxes into the next quarter.

Neither DELL nor MSFT have participated in this madness, so I don't think they will be nearly as vulnerable as companies like CSCO and th others I mentioned. But they are unlikely to be immune to a severe market correction.

A few weeks ago I did a valuation on DELL based on current market conditions, analysts' consensus growth expectations and my cash flow projections. I concluded with a one year target valuation of around $65 per share. What the market does is another issue entirely.

TTFN,
CTC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News