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Technology Stocks : DELL Bear Thread

DELL 120.60

+1.8%

Jan 9 9:30 AM EST

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To: jjs_ynot who wrote (82)	3/11/1998 5:14:00 PM
From: Jim Patterson	Read Replies (2) of 2578

re: Hewlett-Packard Co. (HWP) 60 15/16 -9/16: Lewis E. Platt, CEO of computing and printer company, says that the PC industry currently encountering too much supply in the inventory channel; inventory build-up is leading to pricing pressures in the middle to high-end of the PC market, but only sees a "modest impact" on company's PC margins..... Briefing Note the Key words, Middle to High-End of the PC market ! So much for the DELL, it is a low end thing, responce. A glut of high end PC's and servers. Gotta move 3-4 weeks worth of extra inventory. CPQ says it is agressively doing just that. I think the selling preasure on DELL may be here for a little while. BTW a little while means more than 2 down days in a row for you bulls. Jim PS, Nice thread, Much friendlier

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