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Technology Stocks : Dell Technologies Inc.

DELL 120.49

+0.7%

Jan 16 3:59 PM EST

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To: The Phoenix who wrote (63785)	9/5/1998 8:21:00 AM
From: Geoff Nunn	Read Replies (1) of 176387

Gary - re: Remember during the gold rush the poeple that made the big $$$ were the businesses selling supplies to the miners..not the miners themselves. I've heard this too. Although I'm not an historian I have to question its validity. If ever there was a business that should have been easy to get into, it would be selling supplies to miners. The business may have been highly profitable early on, but it shouldn't have taken long before new firms entered, eroding the excess profits. The story sounds to me like one of those notions that got started around a campfire somewhere, or in someone's novel. In any case it seems like an odd analogy coming from you. I thought your whole point has been that Dell's high profits are unsustainable due to weak entry barriers. Geoff

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