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

To: LemurHouse who wrote (147342)	11/12/1999 11:27:00 PM
From: edamo	Read Replies (1) \| Respond to of 176387

andy....perception does not equal reality, but if enough perceive an event as real it has the same psychological effect. there has been a tremendous divergence in basic investment philosophy, not just by the "nouveau investor" rife with employer contributions to invest, but also by the "professionals" who manage the funds of the retail investor. years ago an "investor" sought out value, why? because value returned a quarterly reward, in the form of a dividend. the yields on equity investments were far greater then bonds and t-bills. stock appreciation was secondary. value, value, value.........and then the widows and orphans realized their worst nightmare........con ed cut their dividend.......and others soon followed suit....... the savior was growth.......who needs dividends......but if a great company has not the ability to consistently grow the stock price while growing the company, then it has failed the "investor" who only benefits from appreciation... compare csco and dell.....both met earnings...both softened a bit until the conference call........one appreciated quickly after the call......the other was dell......... managing a growth company means managing the stock......the dell zealots are such for one reason........dell was a MOMENTUM play for years.......and the "investor" was rewarded.......the perception of dell at the moment is that they are the greatest buggy whip maker in the world........meanwhile the visionaries have shifted the momentum to fiber, wireless, networking...........and that is a reality.... if earnings and exemplary growth grow stock price then why is dell 30% off its high? a bit unreal?