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Technology Stocks : Dell Technologies Inc.

DELL 133.75

+2.5%

3:59 PM EST

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To: jbn3 who wrote (9905)	7/17/1997 10:17:00 AM
From: Gabriel008	of 176387

jbn3, Nothwithstanding the tremendous surge we've had in techs we should look at CPQ's Q2 results versus the Zack's estimates to give us an idea if there is truly any more short-term upside potential for DELL. Zack's CPQ estimates ranged from $1.20 to $1.47 with a mean of $1.39. CPQ actually came in at $1.48. The immediate [read next day] reaction to these results was not overly positive since the supposed whisper number was $1.50. However, since the July 8 results CPQ has rocketed along with DELL. Zack's estimates for DELL range from a low of $0.97 to a high of $1.14 with a mean of $1.07. By the time DELL reports in mid August the estimates may be further increased. I would surmise that anything under $1.15 would probably viewed as negative since DELL significantly outpaces the other players in the PC market and typically surprises to the upside. This said, the actual whisper number may be as high as $1.20 come August 19 and if DELL beats $1.20 that would even surprise me. DELL closed yesterday at $147 15/16 and unlike my bullish predictions earlier in the week I'm not sure it can surpass $80 by August 19 even with the split taking place later this month. The technicals are all over-bought and we would need a significant pullback, pre or post-split, to be able to challenge $80 [post-split]. As you know I am a strong believer in DELL and the magic of Michael Dell. I just feel it's good time to take your profits and wait for the next buy-in opportunity.In fact, yesterday afternoon I closed out my option positions on DELL, MSFT, INTC and WDC. In retrospect, I may have been hasty on INTC but this is a stock that has disappointed me in the past. Therefore, I'm happy to cash in while i'm in the black.

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