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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: spy hard who wrote (72837)	11/29/1999 5:02:00 PM
From: Elwood P. Dowd	Respond to of 97611

FOCUS-Dell founder files to sell $162 mln in stock (adds details paragraphs 3-4, byline; updates stock price) By Peter Ramjug WASHINGTON, Nov 29 (Reuters) - Michael Dell, the chairman and founder of Dell Computer Corp.(NasdaqNM:DELL - news), plans to sell $162 million worth of his company's stock as part of a regular portfolio diversification move, the company said on Monday. Dell, who in 1984 founded what is currently the world's No. 2 personal computer maker, filed with the U.S. Securities and Exchange Commission last week to sell 4 million common shares. The sale would represent about 1 percent of his total stake in Dell, company spokeswoman Neisha Frank said. Dell currently owns about 14.3 percent of the company that bears his name. The company said actual confirmation of the sale will be reported in an SEC filing next month. Michael Dell already sold 8 million shares worth more than $377 million between Aug. 27 and Sept. 14 at prices ranging from $46.4686 per share to $48.3577 per share, the SEC filing said. Dell shares were up 1-3/8 to 44-5/16 on Nasdaq on Monday afternoon. Michael Dell and other insiders at the Round Rock, Texas-based company are taking advantage of a selling window which is only open for about half of the year, the Dell spokeswoman said. ''Our executives are on a very regimented schedule for selling their stocks (and) diversifying their portfolios,'' Frank said. ''Our executives can only sell stock about half the year; the rest of the time they're restricted from doing so. You will regularly see them doing that during that window of opportunity.'' Other Dell executives who filed with the SEC to unload shares include Chief Financial Officer Thomas Meredith, who plans to sell 500,000 shares, or less than 10 percent of his total stake. The shares are worth about $20.25 million. And Vice Chairman Morton Topfer is looking to sell 825,000 shares, or about 10 percent of his total holdings, valued at about $33.8 million. More Quotes and News: Dell Computer Corp (NasdaqNM:DELL - news) Related News Categories: US Market News

To: spy hard who wrote (72837)	11/30/1999 1:44:00 PM
From: cbstock	Read Replies (1) \| Respond to of 97611

The retail investors control the open and pro's control the close. CPQ has an incredible volume and is a favorite of day traders and the options market. The up swing at the close is usually the pro's covering their short positions for the day and making a profit. For the life of me I do not know when CPQ is going to come back in favor. However just look at Apple this time last year. There will come a time that the institutions and mutual funds decide that CPQ is a good stock to own and it will move up. With all the upgrades of Apple, Gateway and Dell, I would doubt that the short sellers can keep this Pandora in the box forever. I am long and believe that CPQ will move significantly in 2000. However so long as day traders are able to still affect this stock on the down side they will. That is the way the market works. cb