rude thanks...
i only hope that those who have "blind faith" in dell will open their eyes to the change in dynamic...instead of sitting back and bitchin about analysts...the analysts are driven purely by perception, no more, no less...it is the job of the ceo and upper management to assure the forward "perception"...it has naught to do with earnings estimates, so negate the "promise little, delivery much" philosophy of dell...if the real numbers meant so much, then it would dismiss the valuations of the internet stocks. the market has changed drastically since the internets became "hot", throw in the mix the momentum and day trade devotees, a bit of instinet, and the lack of "real world business" acumen of the majority of analysts, 24 hour financial news, and what do you have, nothing more than "perception"
ibm not naive, especially with gerstner at the helm...he has weakened the "perception" of the competition as in dell and now perhaps emc...both "strategic partners"...but who is the dominant partner..not dell or ibm...remember ibm has something that the subordinate partners desire...research, product, quality..in return they receive cash....msft, and intc totally different stories, msft "defeated" ibm, they are a necessary evil....intc "defeated" ibm...they too, a necessary evil....
dell has super management, tremendous manufacturing ability, good "niche", yes "niche", market penetration...but the next five years will not be a piece of cake...i argue not with their tremendous growth and results, just question the silence at the moment...allowing the dinosaurs to win the race of "perception" against the man who reinvented business....
i think the big news will be from ibm...the increase in stock price will allow them to do some creative internet style buyouts, cash free, not like cpq/dec......imagine what dell could do in an 'inorganic" growth fashion, if mikey entered the not so virtuous world of "spin"...inflated stock prices, buy whoever and whatever....and attempt to meet his stated goals of dominance... |
