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

To: Gabriel008 who wrote (156535)	4/24/2000 3:13:00 PM
From: JRI	Read Replies (1) \| Respond to of 176387

Gabriel- I just heard on CNBC that Kurt King of B of A was pushing Dell....he says he met with management last week, and management proclaimed that the supply environment was the best in 9 months, or....I suppose that means, Dell is now back (or closer) to pre-crisis margins than the margins we've seen last quarter.. Also, I think the "substitution effect" (April for January) is going to have a big effect this quarter.. I do agree, though, that 31% (units) is a disappointment...Europe appears to be a bigger problem than Dell has anticipated/let on....Dell needs to turnaround Europe in a hurry.. They'll make .16 (no silence this quarter about it..I think if they thought it was close, management wouldn't have said no problem earlier in the month)..but much upside from .16, I agree, is not a reasonable expectation....Perhaps Dell will add investment gain (.01/.02)...16 from core....something like that... I, for one, would be extremely disappointed if .16 means .15 from core, and .01 from investment gains..that would be "cheating" to me....and would not jive with earlier comments this month (that they would {with space-my interpretation} meet .16).. If we kick around these (Naz) levels for a month to six weeks, technical guys will feel a lot better about the next Naz run-up......We probably need until end of May before more data comes out showing slowdown from wealth effect, interest rate hikes, etc....Psychology, I think, will get better by end of May, although we will still be in a negative (investment) flow period (early summer)...so any huge move will be difficult...main thing..that we set ourselves up well for a run second half of year..... At some point, the good overall fundamentals (great earnings, low inflation, budget surplus, etc.) will be revisited, and techs will come back...

To: Gabriel008 who wrote (156535)	4/24/2000 4:02:00 PM
From: D. Swiss	Read Replies (1) \| Respond to of 176387

Gabriel, a couple of points: -Michael already announced that margins were strong (I guess the component easing is partially falling to the bottom line). I also believe there was guidance provided that margins would be similar to same time last year (or higher than Q4). -I believe (or hope) that the April revenue numbers will be better than January (included in the dataquest and IDC data) for two reasons: a pick-up in business demand and businesses may have delayed for win2k. I say may have delayed, but I know Dell was offering free upgrades to win2k. -the only risk I see is how much opex went up to ramp for the internet strategy. :o) Drew