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

To: hdl who wrote (141541)	9/6/1999 7:04:00 PM
From: jttmab	Read Replies (1) \| Respond to of 176387

hdl, Was there another part of the article that explained how he can up with the PE at 64 as highest of all time? It seems like the PE in 1998 had a range of 30 to 83, while the PE so far in 1999 has been 53 to 103. I would guess if you're assessing upward potential based purely on PE ranges, you might come to the conclusion that the topside would be the high PE of 103 times the earnings .77 (2000) or $79.31. Also what is the average growth rate of the S&P 500 [in earnings and revenue] vs. the growth rate of DELL? Best Regards, Jim

To: hdl who wrote (141541)	9/6/1999 7:11:00 PM
From: JRI	Respond to of 176387

HDL- The article is flawed.... * "Dell P/E the highest ever in relative and absolute terms...WRONG * Dell P/E is twice the S&P 500....the author convienently forgets to mention that Dell's growth rate is 4 times (or more) that of the S & P 500...uh, duh...that is kindof important, doncha think? * (This is the real winner).."as the prices go down, so does profitability." HDL....Business 101......There are revenues, and there are costs.....the author talks about revenues (per box) going to down, and ASSUMES that costs are fixed (or increasing?)...Hey, what about a scenario in which cost per box is declining.....Could that possibly happen? Uh.....maybe that's (wholly or partially) why PRICE PER BOX is going down....Possibly beyond the comprehension of the author... Sorry about the sarcasm on the last pt....but it gets a little tiresome to read "experts" raising the ASP argument without (correspondingly and responsibly) talking about the cost side of the equation.... Finally, the author fails to talk about the phenomena of the BIG 4/5 computer makers crushing those with less than 5% market share (industry consolidation)...A big factor in future growth.... The author should have done better...

To: hdl who wrote (141541)	9/6/1999 7:44:00 PM
From: kemble s. matter	Read Replies (1) \| Respond to of 176387

hdl, Hi!! RE: Dell is a great company and is a leader in its group. It's the kind of stock that deserves watching and when there is an adverse quarter or announcement, an investor can buy it at a reasonable valuation. Right now, with a P/E ratio of almost twice the average P/E of the S&P500, with a P/E ratio that is the highest in the company's history both in absolute and relative terms, it's a stock that needs to grow even faster than expected if it's going to keep heading north. It will keep going north...The management has set a long planning period before the investors...the smart ones are still there.. "What most folks haven't realized yet is DELL is just getting started in here" tm You obviously must know who I trust... :o) Best, Kemble