John, now you are really getting nasty <Taco Dell> ggg...
Dell's management hubris has never been much worse than many others, including Big Blue Lou....difference being, Lou gets away with it (!)
But I guess when you engineer such a enormous turnaround like he did, you should have some credits in the account...
Having said that <Dell hubris not much worse...> It still doesn't make it right....Dell should have adaquately previewed the quarter (warts and all) in November, and they should now be consistent in saying that they totally misjudged (and/or failed to communicate) the potential effects of Y2K...AND they should have warned earlier this month, when it was clear that they were not going to make estimates...
Don"t you have anything nice to say about Dell anymore? <G> BTW- I think if you are waiting for a big correction to jump in with both feet...you may have to wait a while longer, IMO, the market seems to be comfortable with these short, sharp plunges..but with so much cash on the sidelines, every sharp dip getting bought...maybe during the seasonally (tech stock) unfavorable late April-August period..you may get a better shot...interest rate environment looks to hold its ground..get better than recent 6.7%
BTW- Meredith said they are looking forward to a "very, very strong 2000"..given lowered expectations...the stock should hold up fine this year (from these levels)...no longer the momo play of the past, that's for sure, but back to 50's seems reasonable....Disagree? Agree? |
