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Politics : Ask Michael Burke

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To: Earlie who wrote (60847)	5/27/1999 10:38:00 AM
From: BGR	Read Replies (1) of 132070

Earlie, My point was that the nominal PB ratio for DELL is an underestimate of the real PB ratio, because of the unique business model that DELL sports. I am also relieved that DELL is not getting a larger share of the negative margin action at the low end! Thank you for the financial advice. One point, insider sells are often triggered by ESOP expiration, I hope that you have eliminated that possibility. -BGR.

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