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Technology Stocks : Dell Technologies Inc.
DELL 129.98-6.2%Dec 12 9:30 AM EST

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To: Narotham Reddy who wrote (32379)3/5/1998 11:31:00 AM
From: David E. Taylor  Read Replies (1) of 176387
 
Text of Cowan downgrade:

3/5/98 10:15 am... DELL COMPUTER (DELL 134-1/2) DOWN 4-3/8, COWEN DOWNGRADES TO BUY FROM STRONG BUY...
Analyst Richard Chu tells MarketScope stock roared past recently upped $130 target... Thinks fundamentals remain "rock solid"; however, concerns likely to intensify near term with regards to state of industry dynamics on heels of INTC warning... Thinks co. has proven impeccable credentials on execution as well as strength of its business model... However, with shares trading at 27x $5.20 FY 00, leaves little if any room for short term upside... Sees $50-$55 ($100-$110 pre-split) as more compelling entry point./S.Trombino.

Seems to me he's pretty hopeful if he thinks DELL will hit 50-55/100-110 post/pre split.

David T.
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