> Will they sell this themselves competing with DELLs of the world?
I share your inquiring thought process.
Unfortunately, it doesn't take too much to "compete" with the Dell's of the world right now. (No, I am not shorting Dell, nor am I on the sidelines waiting to get in.) We're talking about a stock that lost 16% of it's value almost overnight because it met it earnings expectations of .16/share. If Dell had posted .15/share earnings, we would all be looking up at Compaq's "lofty" price right now, as twisted as that sounds. (CPQ only lost 25% of it's value when it posted earnings that weren't even 1/2 of what the street expected.) Dell seems to have drawn the ire of quite a few people who have pull and are exercising it.
But hey, this game is nuts. Someone COULD come out next week and declare, "The PC industry has never looked better. Dell is now selling boxes like hotcakes, er, ricecakes in China," and away we go again.
I think I'll keep holding Dell for now, and let patience have a chance. If it gets down around 30, I may even buy some more... provided my darling wife authorizes it. ;-)
John in Iceland
BTW... My cynicism is nothing that Dell at 55 wouldn't fix. ;-) |
