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

To: OLDTRADER who wrote (143689)	10/3/1999 8:56:00 PM
From: Walcalla	Read Replies (3) \| Respond to of 176387

Dell - Preview of Analyst Meeting Independent Buy-Side Research By The-Adviser.com - Sunday, 10/3/99 Basic Detailed Chart Research (Analyst is MD. Porcelain) - New York- Last week, HP reported that the earthquake in Taiwan would negatively impact the quarter. As a result, investors focused on other technology companies such as Dell and assumed the same impact. Dell is set to have an analyst conference on October 7, 1999. Here is what is on the agenda: Business Momentum is Strong - Dell was the No. 1 U.S. supplier of personal computer systems in the quarter, based on a comparison of its actual product shipments to analyst estimates for the broad industry. Dell's momentum remains exceptionally strong with consumer and small-business customers. Dell continues take business from Compaq and smaller white box makers. Increased Growth of Enterprise Servers - Dell continues to be successful in selling more expensive or "Enterprise" servers to large business customers. The recent IBM services deal will help support future growth to larger customers looking for comprehensive support. We understand that revenue growth for Enterprise Servers approximates 88% on a comparative year figure which would represent an increase from the prior quarter year to year comparison. Market share potential for Q3 is expected to reach 14.9% to 15% up from 14.7%. Revenue Growth in Europe is Expanding - Dell's business model in Europe is working and expanding. We estimate that Dell is achieving a 26 to 28% percent revenue grain from the quarter which is up from 24% year to year growth rate that occurred in the prior quarter. Revenues in the United Kingdom and France continue to explode. Earthquake in Taiwan- Despite the earthquake in Taiwan, Dell continues to have record shipment growth in Asia-Pacific and Japan. Despite the company employing the direct business model for only 4 quarters, revenue growth is near 54%. Because Dell maintains a small amount of inventory relative to its competitors, it is more susceptible to rising prices and component shortages. Delay in shipments have occurred as it relates to DRAMs, motherboards, graphic chips, TFT displays and processor chips - however, these delays appear to be temporary as there does not appear to be any significant infrastructure damage. We understand that Dell is set to report that despite some shortages of component parts and despite the report by HP, the earthquake in Taiwan is not having a negative impact on Dell's business. Dell's PE ratio of 66 remains high although the premium is at a discount when compared to the historical PE premiums that Dell has traded for the past 2 years. The short ratio on Dell is nominal and has decreased in the past 2 moths. We expect to see Dell trade near between $40 and $44 and expect an upside to $55 before the year is out. We maintain our short-term and long-term rating of BUY on Dell. Our EPS estimates are indicated below:

To: OLDTRADER who wrote (143689)	10/3/1999 9:31:00 PM
From: rudedog	Respond to of 176387

wbm - thanks - I appreciate the compliment, especially from you. Looking at my YTD, it would clearly have been smarter to get out of CPQ before the big drops in Feb and April - but hindsight is 20-20. If people wonder why I sometimes push hard on this and other threads, it's because I don't want to make a similar mistake with my other holdings if I can possibly avoid it. I am basically a buy and hold investor, but I have gotten a little more active in the last few years, and it has worked out better than just sitting on the sidelines. I know a lot more about technology than investing, but I'm having a good time learning.