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

To: jttmab who wrote (140450)	8/25/1999 8:58:00 AM
From: edamo	Respond to of 176387

james..re: dell...market always right...but not accurate the market is always right, as it establishes the price that is willing to be paid for an individual share of stock. how and why it arrives at that point is irrelevant, and in recent history a bit illogical. but the bottom line is the bid and ask are very real, all the dell thread cheerleading doesn't change the market reality. the six month time period is extremely significant. please go back to early february when the "perception" of dell growth and the white box makers changed. i dwell on "perception" because it is a very important word. the reality is in the balance sheet, indicative of the past...this reality is then translated into the "perception" of the future, on which the market establishes not only the daily price, but long term trends. let us return to february...dell, the company, still growing rapidly, but due to market conditions and news unraveling about cpq, the whole computer sector was dragged down. at that point dell should have aggressively disconnected themselves from what the market "perceived" of the sector,through a massive media campaign. ibm,hwp,gtw,aapl all did, as they made major announcements of reinventing themselves and the markets they address. dell continued with the program of global dominance of the pc sector...it did not impress or change the "perception" of dell, the white box maker, with a very high relative pe, in a market that is "perceived" to be of shrinking asp and unit sales. not the reality...but again the "perception"....come to your own conclusions, but i would ask you why, since the downgrades of dell in february it has underperformed all but the troubled compaq....maybe you know why. it will change when msd becomes more aggressive and tells the market what they want to hear....a big smile and stellar growth isn't making it...perhaps his keynote speech will propel the stock and change the "perception"