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

To: jmac who wrote (161673)	10/4/2000 10:39:53 PM
From: Meathead	Read Replies (5) \| Respond to of 176387

When everyone gets over having their feelings hurt and feeling betrayed and all too emotional... Maybe we can look at the business. Did anyone listen to the Webcast? This is a minor miss and Dell is lowering expectations going forward. Just what everyone wanted but nobody can stomach. Think about this. Michael Dell has made himself look like an idiot with his recent 30% re-iterations and is now standing in front of a room of analysts and essentially eating crow. Does anyone on this thread believe that he really had to do this? Of course not. If he were really weaving a web of deceit and trying to save face, there would have been no announcement of weakness today. The announcement would have come on the last day of October and weak sales for the month of October would have been blamed for the shortfall. That way, Michael could save face by saying that everything was on track in late Sept just like he said at the time -- problem was that October sales just didn't materialize. I applaud Dell for announcing this early AND during an analyst meeting where they can do some damage control. But I strongly agree with many that Dell has heretofore done a horrible job at managing expectations and the constant re-iteration of 30% growth was very ill advised. If anyone feels that their idol has betrayed them, take a visit to the Apple thread where they were calling for Steve Job's head and wishing Gil Amelio would return -- Check out the Intel thread where Mr. Barrett should be fired and management is a total bunch of bumbling idiots who should all be drawn an quartered. The list goes on and on... So Dell's miss aint so bad and if afterhours is any indication, most of the worries have already been factored into the stock price. The business is still healthy. But the technical damage to the stock price is pretty severe. It will take quite a while to recover. But with Michael taking a dose of humility in front of god and everyone without running away and hiding, it may be that he is learning a valuable lesson he wont forget and correcting mistakes he won't repeat. MEATHEAD

To: jmac who wrote (161673)	10/4/2000 11:51:01 PM
From: D. Plen	Read Replies (1) \| Respond to of 176387

Something else was fishy with DELL today too. In early afternoon trading it was way down -2.5 to levels not seen for 2 years. Then miraculously it started back up and closed (officially) only off 3/8. It sure seems like the contents of MD's presentation must have leaked out and been acted on by some, then others seeing it as a buying op. rushed in and bought. I am sickened at the current stock price and poor management of expectations. The owners of the company, and that's us, deserve better. There seems to be a big product gap now. If the Internet servers and storage systems were on the market and bringing in revs and fat profits then a slow down in European sales wouldn't hurt nearly as much. Whatever happened to under promise and over deliver? D.Plen