Dell Technologies Inc. Message Board

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Technology Stocks : Dell Technologies Inc.

DELL 122.01

+4.1%

Feb 4 3:59 PM EST

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To: BGR who wrote (102379)	2/18/1999 9:51:00 AM
From: yard_man	Read Replies (1) of 176388

Don't call me a jack..., but I really don't have a valuation model for this stock per se ... I just have a near term expectation and belief that growth is really decelerating (in $$'s) for the whole PC biz (not just seasonally) => decelerating margins and DELL is still priced ($80) like rapid growth in both are going to continue. As the price of the stock reached a very high valuation (even relative to the high multiples in the market), i.e. overshot to the high side, I expect that the price of DELL stock will eventually go well below fair value -- 20's or teens (not taking into account the split). We've both seen this happen to other technology stocks (semis, disk drives, other smaller unmentionables). The difference now is in the narrowness of the advance of tech stocks in general and the tenacity of those holding shares in the 5 - 6 darling tech stocks. So this may take some time. My guess is if you could make reasonable estimates about future profits and revenue growth, relative to the market you might come with something in the 30's, but I think the market is overpriced.

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