Here's part of an 7/13/00 article from TheStreet.com where Jim Seymour talks about Dell reaching the 70's by the end of the year.
thestreet.com
"Just two companies here this year -- the hardware business just isn't as promising as it once was. I suggested Dell (DELL:Nasdaq - news), because I think it has the best chance of popping up big this year, thanks to its exploding Windows and Linux server business, and Sun Microsystems (SUNW:Nasdaq - news), for exactly the same reason on the Unix side of the aisle."
"By midyear, Dell was down a little, after struggling back up from a low of 37 in late January. A flatter-than-expected quarter, attributed by Dell in part to component shortages (mainly Intel chips), plus the general malaise in the box-making business, has hurt Dell this year."
"Its desktop and notebook businesses are doing well, and Dell remains the preferred supplier for a long list of top corporations. Indeed, it has benefited there from defections from Compaq (CPQ:NYSE - news). On the consumer side, Dell's doing OK, but Gateway (GTW:NYSE - news) is roaring in consumer direct sales and Hewlett-Packard (HWP:NYSE - news) is becoming the big dog in consumer sales at retail, where Dell doesn't play."
"Dell's consumer side also got a high-profile black eye this week, as it discontinued sales of its highly touted WebPC, a great-looking sort of all-in-one home PC that just didn't draw much consumer interest. (I regretted that, because it's a great machine -- and at the closeout prices now found on Dell's online factory-outlet site, it's a steal. Still, the market, having writ, moves on...)"
"A month or so after that ''25 for 2000'' column appeared, I wrote here that thanks to the huge gains in Dell's very profitable server business, I expected to see them in the 70s by year-end. I still do." |
