Long,..Re:<<Even with Asia, DELL will perform extremely well on a
fundamental basis.>>
I agree with your overall appraisal of Dell's future; however, it is necessary to clarify other remarks.
Re: As far as Asia goes, I would expect growth to be muted for DELL there
It is my understanding that although Dell's exposure to Asia is approximately 7% or less of total revenues, these revenues, nonetheless, are growing at a 65% annual rate.
Re:Does Asia spill over to Europe and Latin America?
I haven't seen info on S America but I believe we have recently seen two glowing reports out of Europe. Also, we have passed the one year mark from when the whole SE Asian crisis started, (with the Thai Bhat), and in that time, European sales have increased and are showing healthy gains yr/yr. I didn't dig up the numbers but these have been fairly recent posts.
IMHO, recent reallocation of market funds looks to be to lower PE stocks in some of the ones I watch and I guess this is because they are percieved to have more value. Maybe, some are equating value with less volatility. Or maybe value just looks like something that can't go much lower now?<VBG>
Regards,
Lee |
