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Technology Stocks : Dell Technologies Inc.

DELL 146.68

-1.7%

Nov 7 9:30 AM EST

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To: Mohan Marette who wrote (101615)	2/17/1999 9:19:00 AM
From: Frank Ellis Morris	Read Replies (3) of 176387

Good Morning, The more I look at what happened yesterday and the panic that is occurring right now the more absurd this all is. The selling is way overdone and as a long term shareholder I defy anyone to point with accuracy to where a better potential for creating wealth is??. Yes the wall street analyst have been too damn spoiled with Dell's spectacular earnings quarter to quarter and they kept raising the bar. Now they dump and run scared. This is just obnoxious. The following is a post I made this morning on an Intel thread and I am placing it here too. Well as you know there is going to be quite a carnage in the markets today. I had stated in one of my post that if anything happen to Dell all stocks would go down big time. Looking back over the past few days there was not clear sign of any imminent danger regarding Dell.The report on Friday by BancBoston Robertson Stephen seem like last minute conjecture and was at best highly suspicious. Since many of the big name techs including Intel, and Microsoft reported good earnings there was nothing to deduct except to believe that Dell would post superior earnings. Now yesterday morning the stock was high as 94 but retreated modestly in the afternoon as a caution to the after hours report. The stock will open this morning down 10 points or better. I will concede that the revenue aspect was a little disappointing but Hell every company should have been able to reward its shareholders with blow out earnings in the past as Dell did. Now yes there is competition by others who are trying to emulate Dell's direct order process and this will soften Dell's stellar rise but the concensus was to bring the high PE down more to a leveling field. I truly believe that there is a buying opportunity for those who are willing to step up to the plate. I do not know of anytime when the red carpet is rolled out for a clear signal to buy. You know that when there is blood in the streets that it is time to buy.The 2 for 1 stock split announced by Dell may have come at a time when most would suspect but at the conference call yesterday the reason was that Dell believed in the growth prospect for America. I suspect too that it was intended to follow the theme of many other companies that offered the splits after announcing earnings. This morning Michael Dell will be interview at around 11:30 am. It should be most interesting since he will haveto be on the defensive of why the stock sold off during the last few sessions. Dell is my largest holding and it is my belief that soon the institution which was not able to benefit from the large run up in Dell's stock over the past few years will want to buy into the now carnage.I am standing firm as I drew the line in the sand long ago. I believe in the company and the business prospects for the future. When the stock splits I think it will be trading at around the 35 to 45 range. Michael may have decided to bring the price at the level of Compaq, GTW and IBM. The pe going forward would be around 50 at this level which is probably tolerable. Going forward I believe that many will regret panicking and selling this stock. Look to the future and its prospect. Dell is not going out of business by a long shot and Michael Dell will be most aggressive to put this period of gloom and doom into distance. Stay the course and don't sell Have a good day Frank

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