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

To: kemble s. matter who wrote (160081)	8/28/2000 1:24:26 PM
From: D.J.Smyth	Read Replies (3) \| Respond to of 176387

Kemble, OLDTRADER: Scott McNeally at SUNW has gotten a lot of mileage out of his statement, when asked if he's been selling any of his own stock: "haven't sold a single SUNW share..." (a direct quote during an interview on CNBC.) However, the interviewer failed to point out that insider ownership at SUNW sits at 3%, with Scott McNeally owning an overall pittance. Dell's insider ownership sits close to 25% (most of that being Michael Dell and his family's). So, although the press has made a big deal out of McNeally not selling any shares, they've not made a proper comparison to total shares owned relative to Micheal Dell. Of course McNeally hasn't sold shares, he owns a pittance of SUNW's total issue - choosing instead to realize a greater ownership through excercisable options. Despite these factors, analysts have continued to recommend SUNW. They're reviewing other factors beside insider ownership. Institutional ownership at SUNW is close to 60%, while at Dell it sits around 50%. 5% of that 10% difference between Dell vs. SUNW, or 129 million shares, is probably the difference bw Dell's price being at $39 1/2 and $55. So, a majority of share price failure remains with the institutions. Until institutions begin to reinvent the Dell model in their own minds, Dell's price remains 1/2 that of SUNW's. Engemann tends to be a leader among large growth caps (being a manager that is about 35 years older than the average mutual fund manager). His firm recently added Dell to their model portfolio. He's never invested in Dell before which I find very interesting. Relative to SUNW, insider ownership of stock obviously says little in regard to share price movement. Yet, with Dell, shareholders have continued to make a big deal about MD pairing his ownership over the years, yet remaining the 2nd single largest shareholder of a publically traded company, behind Gates, of the top 100 Black List. If you're going to speak of CEOs selling shares, let's do a comparative analysis.

To: kemble s. matter who wrote (160081)	8/28/2000 1:40:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 176387

kemble, RE: I'm quite sure he is well aware of the situation...And he is very well aware that he has 34,000 shareholders working for him... And therein lies the problem. He should be working for the shareholders, not the other way around.