<<< Do you care to comment on all the disappointments over the past year that I have listed in my postings?>>>
Well, I read various things like single source suppliers, Rambus situation, lack of backup, forecasting, losing control etc.
I haven't found a clear way to lay these things on defective management so looked at three other companies (T,IBM and Cpq) to see how their management performs.
Mr Armstrong of ATT will be happy to see T grow 7 to 9% this year.
This can be great for the company, but its not going to provide the stock appreciation which I think we prefer.
cbs.marketwatch.com
If MSD can give us 30% thats better
IBM lost a total of 1.54 bil on PC division in the last years including 992 mm in 1998, 557mm in 1999 with 246 mm in the 4 th quarter. Their response is to give up the chase and their sales are down 29%.
Has MSD's management done better?
Cpq lost 169 mm on PC's in the 3 d quarter and 79 MM in the last quarter. Yet the excuses are being accepted on management promise to do better.
Summary: In comparison to other companies, Dell management would still get an A+ (esp if Kemble was grading)(G). Not long now until Dell becomes #1 worldwide. But the analysts are no help at all in deciding
whether to invest in the PC field. They keep saying 'buy' (cpq, Dell, gtw) while at the same time telling us how bad it is, cheapy computers too competitive, prices declining, ASP's declining , delayed purchasing, etc. Saying same things since 1996, a year when Dell cut prices 12 times and still made vast profits.
Those comments are directed at the computers, not the servers, storage, service segments which are growing more rapidly.
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