Janus, although they apparently reduced their holdings when this data came out, was higher than that. All it means is that if the funds decide Dell is enough of a question mark you will see consistent selling. CPQ was in that position some time ago, and it changed pretty quickly. Sub1k will be a big question mark in my mind. A bunch of folks were commenting for the longest time on this thread how Dell was smart not to touch that segment and that there was no need to. Now that Dell is making noises about it, it is apparently 'the right thing to do'... By the way, I see the short squeeze is in full bloom right now. <gg>
To: Night Writer (48610 )
From: John Koligman
Wednesday, Feb 17 1999 2:19PM ET
Reply # of 48705
NW - Since I'm sitting on my hands watching the market go down, I took the
liberty of searching the WSJ Interactive site for the Barron's article on Janus.
It ran Jan 4th and featured an interview with head honcho Scott Schoelzel. He
specifically stated in the article that he was reducing his exposure to Dell. I
can post text if you want it. Here are his top holdings....
John
Top 10 Holdings
Company
Percentage
of Portfolio
America Online, Inc.
12.2%
Dell Computer Corp.
8.5%
Microsoft Corp.
7.2
Time Warner, Inc.
6.3
Nokia Oyj (ADR) -- Class A
5.6
Cisco Systems, Inc.
5.4
Pfizer, Inc.
4.6
MCI WorldCom, Inc.
3.7
Warner-Lambert Co.
3.7
General Electric Co.
3.3
Total
60.5
As of 12/31/98
Source: Janus Capital
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