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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (74480)	1/26/2000 6:01:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, some observations on Dell's disaster: 1. This was major, similar to the Compaq miss last year that got Pfeifer fired. True, the final report will probably be "better than expected," but it will still be much lower than what was expected, by morons, until today. Dell's undeserved good rep and high pe ratio may come in for a shelacking. 2. Even in this horrible mess, Dell still tried to tout the suckers who own the stock. Here is the opening clause of their mea culpa, "despite revenue that is again expected to rise two to three times faster than the rate of the worldwide computer systems market." Have these guys not even a nano-scintilla of shame? Dumb question. <g> I guess you can take reality away from the scamster, but you can't take the scamster away from the keyboard. 3. A 30% rise in revenues is a huge drop in their growth rate, especially with ASPs on the dive, dive, dive. Oh, but didn't that semiconductor love in tell us that ASPs were going up in January? <VBG> Folks, one thing to note: these mediocre results, at least for a trading sardine selling at 70 times eps, are against a very poor quarter last year. In other words, it is sucky ala mode. 4. The annual eps gain of 28% excludes a 7 cent merger charge. Now, I don't want to say that all of these excluded charges are scams. Just some of them. But there is no doubt that without the merger flim flam, Dell eps would be even lower. 28% growth vs. 70 pe ratio is already silly. If the real growth rate is 15 or 20%, it gets even sillier. 5. Oh, yeah, a penny from investment gains. What a surprise. Once again, a scammy tech co. counting one time gains while excluding one time charges. Do their auditors have nary a nano-scintilla of shame? Stop asking stupid questions. <g> 6. Let me see if I have their alibi straight. They didn't make the quarter because they didn't have enough components for about $300 million in sales. And they had a shortfall in demand of about $500 million due to y2k. Why do these two factors seem to be mutually exclusive? Uh, why didn't you ship the components on the orders you didn't get to the folks who did have orders? The answer is timing and dumb analysts who could not connect any dots on a fat guy with German Measles. <g> 7. The analysts just aren't doing their jobs. Even a little bit. How could this melt down be so obvious to anyone who looks at the business, except those who are paid to kiss corporate butt? 7. Ah, but never fear. MerryDeath tells us everything is cool in the future, just as it was at the end of the 3rd quarter. <g> Ding-Dong the witch is dead.