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Technology Stocks : Dell Technologies Inc.

DELL 149.13

-2.1%

Nov 6 3:59 PM EST

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To: Shadow who wrote (125700)	5/18/1999 12:11:00 AM
From: jim kelley	Read Replies (3) of 176387

Sounds Like Piper Jaffrey/Kumar is short DELL going into Earning...... "We are not so much concerned about the April quarter," U.S. Bancorp Piper Jaffray analyst Ashok Kumar said ... "Echoing the views of several analysts, Kumar said he expected revenues of about $5.5 billion and earnings in line with the Wall Street consensus of 16 cents per share for Dell's fiscal first-quarter ended in April. He allowed that Dell has the potential to bring in another $150 million to $200 million in first-quarter revenues that would help boost bottom-line profits to 17 cents or 18 cents per share -- or a penny or two above expectations." . "We just don't think Dell has sustainable momentum," he said. Kumar pointed to signs the North American PC market -- which accounts for two-thirds of Dell's revenues -- has slowed in the face of a corporate "lock-down" on new PC spending as companies focus on fixing "Year 2000" date glitches in existing equipment." There is no corporate lockdown.......... This is a bogus argument which has been dismissed by John Chambers of CISCO, Gerstner of IBM and Michael DELL recently. There was concern about a lockdown but the concern has lifted and they do not expect it to have a significant impact on sales based on input from their customers. Their customers have gotten sufficientl confidence in their Y2K testing to carry on with their IT plans for the year. "Right now the direction seems to be very negative," Kumar said of his darkening view of Dell's outlook for the second-half, which comes in spite of his continued recommendation to clients to buy Dell stock." He seems a little confused..... Buy but things get worse...... The CPQ tumble is not a short term stumble it is a continuing pattern of stumbling that started more than a year ago.. DELL's success follows on a long string of successes stretching over 13 quarters. The fundamentals have not changed for DELL. The business model is intact!

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