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

To: calgal who wrote (157268)	5/19/2000 10:00:00 AM
From: kemble s. matter	Read Replies (4) \| Respond to of 176387

Leigh, Hi!! RE: BICKERSTAFF: We try to find the best roughly 30 companies and own them for the long term. Turnover is about 25% a year. I view risk as the chance we'll have a negative outcome, and the chance of that is best controlled by owning assets that over the long term shouldn't have negative outcomes because their business models are so powerful. S&P: You have a large position in Dell (DELL). BICKERSTAFF: Right now it's 7.3% of the portfolio. I've owned it for over five years, I still believe it's one of the best businesses in America. In fact, I think a lot of companies are trying to replicate what Dell's created in this direct distribution channel. They have taken a lot of market share in desktops and in portable PCs. Now, as they move up toward servers and even storage products, I think they will continue to take dramatic market share with their really substantial cost structure advantages and distribution skills. S&P: Do you own any direct competitors of Dell? BICKERSTAFF: No. In general, we typically pick what we think is the best company and not own several in one industry. Hey...five years!! Guess he sees what so many of us on this thread still see...And, he didn't mention the services aspect of new revenue growth...Or the global expansion or DELLVENTURES or the...or the ... :o) DELL IS IN DIAPERS Best, Kemble