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

To: D.J.Smyth who wrote (159176)	8/4/2000 4:16:43 PM
From: mepci	Read Replies (2) \| Respond to of 176387

Darell: You sure have a lot of conspiracy theories. Whether one is a democrat or republican first thing they look after is themselves. The market is too big for manipulations. sometimes we can simplify things to see some meaning out of what is happening? How do you explain the move back up from 37+ to 42+. That is more than 12% in two days. Dell's p/e has been explained before on the basis of 1 and 2 year growth rate. If that is moved down to 34% from 50%, that is a 1/3 drop. Then the maximum tolerated p/e falls to 67 from 100. But is growth rate based on revenues or earnings. I think it should be based on earnings, which expected to be 50% from .61 y2k to .90 in y2001. In which case maximum p/e should be 100. And reasonable high will be 75. That means as of today Dell price should be around 51. May be people are willing to give Dell only 60 p/e. That will bring it to the current price of 41 1/2. If the earnings on 8/10 turns out to be .21 or more this should immediately change. So the actual earnings has double impact. one on growth and peg, and the other price as a direct multiple of p/e. This type of pressure on management is justifiable. As per comparison with SUNW, CPQ, AAPL, and GWAY, each of these companys has their own stories and their own following. If they have better believers right now, why should we contest that. How many of us are willing to buy more today at 43. I am not. Are you?