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

To: Chuzzlewit who wrote (152782)	1/31/2000 11:17:00 PM
From: calgal	Read Replies (1) \| Respond to of 176387

Chuzz, this was in USA Today, this morning. Leigh usatoday.com New age inventories Michael Dell, the 34-year-old whiz who changed the way America buys computers, is one on a roster of CEOs who has taken Japan's "just-in-time" inventory system a step further. Texas-based Dell Computer builds machines to order, so they don't stock inventory until they know they need it. What's more, in 1996, it brought its corporate customer accounts, suppliers and vendors together in an online purchasing system that whittled inventories from 31 days to 13. By 1997, through a variety of leaner manufacturing processes, the company was keeping only a week's worth of products in its warehouses. Today, Dell typically stores just what it needs for six days of production. Dell isn't alone. Connecticut-based Pratt & Whitney, the aircraft engine division of United Technologies, cut its inventories 65% when it began, among other things, using bar codes and the Internet to provide suppliers with information about orders. "Manufacturing has become much more efficient," says Ian Shepherdson, chief U.S. economist at High Frequency Economics. "Inventories used to be a very volatile part of the economy." What's next: Economists expect inventory innovations to continue apace as technology and leaner manufacturing practices create more efficiencies for big manufacturers and their suppliers.

To: Chuzzlewit who wrote (152782)	2/1/2000 9:05:00 AM
From: Sr K	Read Replies (4) \| Respond to of 176387

Selling naked puts has a substantial margin requirement; selling short and then selling a put (for the same number of shares or fewer), is a covered put and has no margin requirement. Establishing a bullish put spread has a similar margin requirement. These means of grabbing put premium are not "free", and perhaps that was what Edwarda meant by saying that you were "too early" (a dead cat bounce), or what edamo meant with his comment about ebb and flow. I think he meant the put premiums (and call premiums) expand and contract like ebb and flow and the key to options investing is not the position you want to take, but selling overvalued and buying undervalued options, which means selling only when the premiums have expanded (puts in a stock decline, calls during a rally), and buying only when the premiums have contracted. Aside from margin requirements other functional unequivalances of naked puts and covered calls include selling a covered call tolls the holding period for long term cap gains treatment, unless the call is a paired call, that is, sold at the time of purchase of the underlying shares; puts and short positions do not have a preferred cap gains holding period. This is not tax advice; consult your tax adviser or tax software.