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

To: Bob Kim who wrote (139085)	8/12/1999 11:42:00 PM
From: stockman_scott	Respond to of 176387

Here are Briefing.com's thoughts on the ML report: Updated for: 13-Aug-99 <<As rates resumed their ascent, tech stocks resumed their descent... PC group paced the retreat due to pricing concerns voiced by Merrill Lynch... Company sees PC prices falling by 10%-12% a year over next several years... Of course, what wasn't reported was that companies like Dell (DELL) and Gateway (GTW) have posted very strong top- and bottom-line growth over the past few years against a backdrop of falling prices... As we noted on this page in the past, falling prices only half of the equation... The other half is costs... So far, costs have been falling faster than prices, and we see no change in that dynamic over the foreseeable future... Consequently, today's concerns are overblown... That said, perception can often control stock price movement - at least over the short-term... And given bearish sentiment and hostile rates, the group could easily remain on the defensive for another couple of days... Dell (DELL 40 1/4 -2) will have the first crack at dispelling pricing fears, as the company is set to report earnings Tuesday... We expect a solid report accompanied by optimistic outlook.>>

To: Bob Kim who wrote (139085)	8/13/1999 7:38:00 AM
From: GVTucker	Read Replies (2) \| Respond to of 176387

Bob, RE: Back in May on the day before Dell reported, CNBC repeatedly hyped a ML call on Dell. CNBC kept on referring to some mysterious "upgrade". The only major change in the ML report that day was a reduction in the price target from $55 to $50. Even though CNBC was informed of this, they kept on talking about an upgrade. Along those lines, I am still amazed about how much incorrect information regarding various Wall St. analysts and their opinions is taken as fact on both CNBC and these boards, particularly when the information is easily verified.