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

To: hdl who wrote (147382)	11/13/1999 10:28:00 AM
From: Greg Jung	Respond to of 176387

There is no doubt that Dell is an efficient producer of PC boxes and an aggressive seller, marketer, etc. And they have been rewarded for this by now being the #1 honcho. So it will be natural for their results to exhibit fluctuations and negative turns of events that their market multiple doesn't reflect. They preannounced and missed the earlier estimate, and maybe the new estimate should have been lower. For sins less than these I am holding a few abandoned issues that I picked up when they were thrown away by the mutual fund go-go dancers at PEs much nearer to 10 than to 100. At 75% of the Dell price, two of the stocks I hold have consistent Q earnings 6x what dell did. And one stock at 33% of the Dell price. SO why bother about earnings, anyway. Just make up a good story and stick with it, you'll do fine. Who'd a thunk that QCOM would merit 200x earnings, or that P/S multiples would be thought of as reasonable on the level of where P/E multiples used to be. And in businesses where margins are 4-8%. Dell is a bargain by relative standards in the market.