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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (132333)	6/10/1999 7:00:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

Jill, ask yourself what better earnings growth engines are there? My guess is that a lot of the recent weakness in DELL is due to Y2K lockdown concerns (which is expected to be only a one quarter phenomenon if it occurs at all and if it does it will probably result in explosive growth in Q1 of 2000). Dell still has the finest inventory management of any company I have ever seen. And it is capable of sustaining very high growth rates because of its exemplary financial management. So why all of the doom and gloom? If I were a portfolio manager, and had the luxury of looking for long-term appreciation Dell is precisely the kind of company I would have in my portfolio. Unfortunately for the fund managers too much of the focus is on short-term gains. That means they don't have the luxury to buy and wait 3 - 4 quarters for that wonderful return. And it is precisely that kind of short-term thinking that has pushed Dell down to these levels which has created a good buying opportunity for those of us who are patient. I calculate that Dell ought to be selling at around $45 now, and should be selling at around $60 - $65 a year from now provided that interest rates hold steady. If I am correct, then we will see something of the order of 75% appreciation for the coming year. BWDIK TTFN, CTC