Dorine, I hope you and Herb are having fun in Las Vegas! Okay, here is a re-play.... Since today is not going our way, and I am swamped at work trying to get a Website up and running, I wanted to read good news again! :) Thanks for Posting... Leigh
PS ask Kemble, if he thinks 2000 is going to be a "super year."
Last year, 1999!
Dell Tops List of S&P 500 Best Performers in 1990s (Update1)
Bloomberg News
Dec 31 1999 3:38PM ET
Dell Tops List of S&P 500 Best Performers in 1990s (Update1)
(Updates Dec. 27 story with year-end prices.)
New York, Dec. 31 (Bloomberg) -- Dell Computer Corp., the No. 1 direct seller of personal computers, is the best-performing stock this decade in the Standard & Poor's 500 Index.
A $5,000 investment in the Round Rock, Texas, company at the end of 1989 would be worth $4.5 million today. The stock returned 88,918 percent in that time.
``They have the best business model for selling PCs,' said Alan Loewenstein, co-manager of the John Hancock Global Technology Fund, which held 451,000 Dell shares as of the end of April. ``Michael Dell was
able to see that if he could lower his costs, their profits would increase.'
Unlike its competitors, Dell builds computers only when it has received an order from a customer, allowing it to keep little inventory in its factories.
Accounting for stock splits, Dell shares sold for 5.7 cents each at the end of 1989. The stock closed today to 51.
Loewenstein, whose fund is up 129 percent this year, said Dell is still worth buying because ``it's one of the few relatively cheap technology stocks.' Dell sells for about 50 times next year's expected earnings per share, and the company is expected to post 40 percent profit growth.
This year, 2000!
Acampora Tells StockHouse.com Nasdaq to Double in 5 years;
PR Newswire
Jan 3 2000 8:42AM ET
Discloses Top Picks
For New Millennium: Microsoft, Dell and Immunex
NEW YORK, Jan. 3 /PRNewswire/ -- Ralph Acampora, Director of Technical Research at Prudential Securities and one of Wall Street's top market technicians, told StockHouse.com the US stock market "could literally double from here over the next 5 or 6 years." He also predicts the Nasdaq could break the 5,000 level this year. Key to his longer-term bullish prediction is his view that similar to the 1920s and 1950s, this market is and will continue to be driven by concepts, not earnings. In addition, with a global view of the markets, Acampora sees opportunities in Germany and Italy as the introduction of the Euro currency and an increasingly deregulated environment are expected to catapult those markets to new heights.
Acampora's top picks for 2000 are Dell (Nasdaq: DELL) and Microsoft (Nasdaq: MSFT), which he expects will double in the coming year, and Immunex (Nasdaq: IMNX), which he predicts will go up by 50-75% this year. Regarding Dell and Microsoft, Acampora states, "The thing that impresses me so much is that they get rotation. Just think about what they did this year versus Cisco or Yahoo!. They did nothing," explaining further that, "As the Yahoos slow down, these guys are picking up. Technically, they look like huge, huge winners."
View the entire interview online at stockhouse.com .
StockHouse is a premier financial content provider with over 35 million page-views and 1.6 million visitors per month. In addition to StockHouse.com, international site StockHouse.ca has earned its position as Canada's #1 financial media website.
Globally, StockHouse Media Corporation provides breaking news and research on publicly listed equities from its offices in the United States, Canada, Australia, Hong Kong and the United Kingdom.
Media Contact: StockHouse Media Corporation
PH#: 1-888-944-4494
EML: "media@stockhouse.com" SOURCE StockHouse.com
-0- 01/03/2000
/CONTACT: StockHouse Media Corporation, 888-944-4494, or media@stockhouse.com /
/Web site: stockhouse.com
(MSFT DELL IMNX) CO: StockHouse Media Corporation; StockHouse.com; Prudential Securities ST: New York IN: FIN CPR MLM SU: ECO -0- Jan/03/2000 8:27 EOS (PRN) Jan/03/2000 08:27 85 -0- (PRN) Jan/03/2000 8:42 a |
