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Technology Stocks : Dell Technologies Inc.

DELL 129.98

-6.2%

3:59 PM EST

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To: kemble s. matter who wrote (158603)	7/17/2000 10:07:18 PM
From: kaka	Read Replies (1) of 176387

Hi Kemble, In a note today, Ashok Kumar basically stated that DELL's hopes in storage are dead. Note that Kumar has DELL at a 'Strong Buy'. ºWe belive that ConvergeNet acquisition is a total debacle. ºWe expect the Company will retrench to be a reseller of third-party solutions. Dell cannonballed into the storage pool last summer when it acquired CovergeNet for $380 million. But there was a small problem--the pool was empty. Now a year later, Dell is finding it has nothing to show for this effort. The info was from a GVTucker post. Similar concerns about DELL's storage initiatives have been raised in the past by Rudedog. It is one thing if convergenet flops....quite another if DELL's whole storage initiatives do. DELL's web site regarding storage options is as complete as ever, dell.com, so we'll have to wait and see. Last I heard was convergenet was delayed until the fall. I'll try to find the source. I would love to know how Kumar arrived at his conclusion. When we mountain biking the Gunks???? Happy Austin Bullrides, Kaka

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