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Technology Stocks : Dell Technologies Inc.
DELL 136.42+3.3%11:01 AM EST
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To: jmac who wrote (161673)10/4/2000 10:39:53 PM
From: Meathead  Read Replies (5) of 176387
 
When everyone gets over having their feelings hurt
and feeling betrayed and all too emotional...

Maybe we can look at the business. Did anyone listen
to the Webcast? This is a minor miss and Dell is
lowering expectations going forward. Just what
everyone wanted but nobody can stomach.

Think about this. Michael Dell has made himself look
like an idiot with his recent 30% re-iterations and
is now standing in front of a room of analysts and
essentially eating crow. Does anyone on this thread
believe that he really had to do this?

Of course not.

If he were really weaving a web of deceit and trying
to save face, there would have been no announcement
of weakness today. The announcement would have come
on the last day of October and weak sales for the month
of October would have been blamed for the shortfall.

That way, Michael could save face by saying that
everything was on track in late Sept just like he
said at the time -- problem was that October sales
just didn't materialize.

I applaud Dell for announcing this early AND during
an analyst meeting where they can do some damage
control. But I strongly agree with many that Dell
has heretofore done a horrible job at managing
expectations and the constant re-iteration of 30%
growth was very ill advised.

If anyone feels that their idol has betrayed them,
take a visit to the Apple thread where they were
calling for Steve Job's head and wishing Gil Amelio
would return -- Check out the Intel thread where
Mr. Barrett should be fired and management is a total
bunch of bumbling idiots who should all be drawn
an quartered. The list goes on and on...

So Dell's miss aint so bad and if afterhours is any
indication, most of the worries have already been
factored into the stock price. The business is still
healthy.

But the technical damage to the stock price is pretty
severe. It will take quite a while to recover. But
with Michael taking a dose of humility in front of
god and everyone without running away and hiding,
it may be that he is learning a valuable lesson he
wont forget and correcting mistakes he won't repeat.

MEATHEAD
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