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Technology Stocks : Dell Technologies Inc.
DELL 133.74-0.1%Nov 14 4:00 PM EST

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To: Rosemary who wrote (30158)2/18/1998 6:28:00 PM
From: Paul van Wijk  Read Replies (2) of 176387
 
Hi Rose,

After being long on Dell for more than a year (like you) the only
thing I can say that this earnings-report is the best from what I've
seen so far.
Inspite of all the doom & gloom in the last few months ($1000-PC,
competitors copying Dell's business-model, the Asian flu, the silly
pep-talk from Apple a few months ago, and so on) I also couldn't
find not one negative word in the report.

The only "negative" point I can make is that there P/E drops from
48 to 43 including the .81-number. So there is less room for
a rise in stock-price than most people believe. Let's say Dell's
P/E will rise to 50 in the next 3 months this means a price-target
of $130. On the other hand, after reading the earnings-report it is
my opinion that Dell isn't overvalued at a PE above 50 (this will
probably lead to responses from bears yelling about stupid Dell-heads
who are blind, and the other usual nonsense).

Anyhow, have a nice day, and give my warm regards to your
"dream-team".

Paul
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