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Strategies & Market Trends : Value Investing

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To: David Cathcart who wrote (3490)3/10/1998 2:17:00 AM
From: Michael Burry  Read Replies (1) of 78579
 
I'm not a dedicated reader of any one computer mag. I just
buy a few every month off the newstand, ranging from all over the map from BYTE and PC World this month to Windows last month. I haven't
noticed the same Dell dominance you have, but this is casual
observance on my part anyway since I've been happy with my P120
and not looking for a PC in years. I do notice that
Hewlett Packard is always respected and reviewed favorably. My
next and only tech investment will likely be HWP, not for PC
prowess, but for its agreement with Intel, historically solid
management and ROE, share underperformance in the last year,
safety in its product diversification, and relatively low valuation
at less than 20 times earnings. Of course, I want it at 15 times,
and it will probably never get there.

Good Investing,
Mike
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