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Technology Stocks : Dell Technologies Inc.
DELL 131.76-1.1%10:41 AM EST
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To: Jim Patterson who wrote (25678)12/18/1997 9:13:00 PM
From: Meathead  Read Replies (2) of 176387
 
That would be like cutting off your nose to spite your face.

I remember in 1992 when CPQ initiated that price war. Dell
had annual revenues of 800M at the time. Look where that
price war has put them today.

The 70% stock drop was not due to the price war however.
Dell had just brought in John Medica (ex. powerbook director
of engineering) from Apple to lead the Dell notebook line.
His first order of business was to review Dell's roadmap.
He took one look and said "this is junk, scrap everything
and start over". So they took a $70M writeoff and had
essentially no EPS for the year.

MEATHEAD
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