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

To: GVTucker who wrote (139092)	8/13/1999 8:57:00 AM
From: Sig	Read Replies (2) \| Respond to of 176387

<<reduction in the price target from $55 to $50.>> Analysts should leave those projections to someone better equipped like an SI Dell bull. 1. 2 years ago with Dell at about $80/sh, an analyst projected a 12 month target of $105. He missed by $175/share 2. In Feb 1998, with Dell at $102/sh, a 6 month projection was $135. He missed by $81/sh. 3. One year ago, with Dell at $110/sh the projection was $124/sh He missed by $44/sh. In the heat of the present battle, it seems important (and it momentarily is) whether Dell is at 42 or at 50. But sometime when Dell reaches $110 /share after the next split, we can go through the whole routine again. Analysts that made those projections were experienced,respected, and well paid. With a drawer full of reports, earnings, IDC data, sales projections, etc. Perhaps overpaid. Holy Toledo, the Naz is up 3100?(or31) Sig

To: GVTucker who wrote (139092)	8/13/1999 11:26:00 AM
From: Bob Kim	Read Replies (1) \| Respond to of 176387

GV, RE: ...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... Did you see the recent CBSMarketwatch article on Merrill? One part said "And Merrill is about to stick it to Schwab, its biggest competitor, by launching an ad campaign that says the discount broker gets research reports (Merrill's, of course)three days "after the big boys read it." By the way, Merrill's research is worth something; a Merrill analyst predicted Brazil's currency crisis four months before the Real dropped 30 percent." I never knew that Schwab was ML's biggest competitor, but beyond that, it can take up to three days for ML's own retail clients to get research reports via MLOnline. I don't think you can say that research is worth something by citing a single call on the Brazilian currency crisis. Even when the PC market was great, DELL was hitting on all cylinders, and the stock was flying, I don't think ML ever put a Buy rating on DELL.