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

To: JRI who wrote (152629)	1/29/2000 11:28:00 AM
From: Sig	Read Replies (2) \| Respond to of 176387

JRI: Years and years ago( several), when Dell had only 6000 employees it was computed that stock buy back was proceeding at such a rate the Dell could own the company within 5 years -like by next year. Could have made barrels of money for the few remaining shareholders. And shareholders have profited enormously from the buybacks that did occur.(about 800 mil shares) But the demand for computers was too great, despite Dell having the best computer, a major customer would have to say "well screw Dell, I need 10K, not 5K , and I need portables so I will have to convert to brand X. So now Dell is getting close to 40000 employees and the demand is still there for computers and related gear and it shows no signs of abating so the sky is the limit, market caps of 100 bil or 200 bil are just milestones, not limits. This kind of growth requires changes in the use of Michaels time and in the way of doing business. (I would guess he is now more of a teacher, having to delegate more authority, and seeking out from experienced IBM (hehe) managers how to deal with the huge sized contracts involved.) New facilities has been no real problem, using bond funds and leases and little company capital. Getting personnel a continual problem (hello, nashville) but not a stopper, a little more cost than hoped for tho. Summary: I think much work has now been done to stabilize the company in preparation for the next growth phase and Michael is using some of his own money along with other company investments . Firming up the supply contracts(almost $30 bil worth so far), activating new factories in Nashville and Brazil. And I believe Ted Waitt, Mike Capellas, and Michael, and others are really pissed off at Intel. The pressure will be applied and I count particularily for MSD to have backup plan (Athlon?) ready in case it happens again. Michael's vision still at work, we will hear more at the July shareholders meeting. Sig

To: JRI who wrote (152629)	1/29/2000 3:07:00 PM
From: stockman_scott	Respond to of 176387

~OT~ B2B is 'the place to be' <G>....FYI... <<Saturday January 29, 12:59 pm Eastern Time DAVOS - B-to-B is the place to be By Marcel Michelson DAVOS, Switzerland, Jan 29 (Reuters) - Business-to-business commerce on the Internet is all the rage at the World Economic Forum's annual meeting, where high-powered executives say the best is yet to come. ''In a few years the e will fall out of e-commerce and go back to its role as the fifth letter in the alphabet,'' one business professor told an off-the-record presentation to business and political leaders on Saturday. By this he meant commerce on the Internet will be commonplace, with a bright future ahead for hybrid companies -- traditional companies such as banks that embrace the Net as another channel. ''Somewhere in the next 10 years, all the increase in GDP will come from electronic commerce,'' one analyst said. A chief executive of a large U.S. computer company said the automotive industry was a key example of a traditional industry where Internet technologies could lead to many improvements and cost savings. ''In the car industry there are still a lot of inventories because there is an information deficiency. In general, the size of your inventories is inversely related to the quality of your information,'' he said. Ford Motor Co (NYSE:F - news) recently reached an accord with Oracle Corp (NasdaqNM:ORCL - news) while General Motors Corp (NYSE:GM - news) and Shell linked up with Commerce One Inc (NasdaqNM:CMRC - news) to create automotive industry business-to-business electronic marketplaces. There are also specialised companies for B-to-B on the Internet such as i2i, Ariba Inc (NasdaqNM:ARBA - news) and Commerce One which create Internet platforms where buyers and sellers can meet. BEWARE OF THE VALUATIONS Another frequent point of Davos discussion is the value of Internet shares that make many industrialists jealous. But they received a dose of comfort from investment and central bankers. ''Dot coms can soon become dot gones,'' one central banker said. ''There have been 300 IPOs in Internet stocks since Netscape and their combined market value is $1.1 trillion. In the next year this may rise to 400 IPOs,'' said a U.S.-based analyst of Internet stocks at a leading brokerage firm. ''Most of these will fail,'' she added. She said that 90 percent of Internet stocks were overvalued while only 10 percent were undervalued. She advised investors to look at companies with a good business plan, good cash generation and customer ''stickiness,'' or loyalty. There was also a warning that prices of many Internet related shares are inflated by a shortage of shares -- institutional investors and so-called insiders usually own the vast majority of shares and not many are available for trading. ''You can have a volume of a million shares in some stock but in fact not a single share changed hands. What you see is that day traders have been clicking away, buying and selling the same share over and over again,'' an analyst said.>>

To: JRI who wrote (152629)	1/29/2000 10:14:00 PM
From: rudedog	Read Replies (2) \| Respond to of 176387

John - You are right, and I don't think that MSD's stock sales are a commentary on the future stock price. My point is that they are increasingly visible. Perhaps MSD needs to either hold off on selling for a while as a gesture to long-suffering shareholders, or do a better job of explaining his actions. He has a responsibility as the CEO and chairman to consider the effects of his actions as an individual on share price, I think.

To: JRI who wrote (152629)	1/31/2000 9:10:00 AM
From: Gabriel008	Read Replies (2) \| Respond to of 176387

John, in scanning interviews with DELL management I happened upon this one between Tom Meredith & CNNFN. Check out the last line of the interview recap! Have you seen any mention of this GP margin statement before? Tom Meredith, CFO, Dell Computer Author Carolyn Anne Report Source Tom Meredith (Added 1/27/00 10:45:43 AM)Categories: CEO Interviews Email link to this Article DELL Dell Computer Corporation Computer Hardware More Views CEO Interviews Company warns growth will slow from 48% in 1999 to 38% in 2000; profits in 4th quarter will come in at $.16 per share. Mr. Meredith states that the rebound from Y2K was much more protracted; semiconductor availability issues were still a problem; expected bounce in January didn't occur. Lowered expectations still include 30% growth rate which he is comfortable with. Strong spending by large corporations occurred in 2nd quarter last year; he knew there would be a lockdown later in 1999. Adverse effect occurred in 3rd quarter due to dramatic increase in memory pricing which took place in that quarter, blended into 4th quarter. He is confident of company's ability to drive top and bottom line growth in the 30% range. He expects margins to settle in mid-teens