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

To: Mary Cluney who wrote (162797)	11/15/2000 4:26:23 PM
From: GVTucker	Read Replies (1) \| Respond to of 176387

Many smart, experienced people in the industry are laughing at Linux. That is good. It means that the market has not come anywhere close to discounting its impact.

To: Mary Cluney who wrote (162797)	11/15/2000 4:34:17 PM
From: mepci	Respond to of 176387

Mary: "Collabarative" is the keyword. Linux has survived in this atmosphere well and will keep improving. With Dell's model, this is a handy thing to have. Between Linux and Windows, that is 58% of the market. If one can dominate these markets, it will be a good piece of business for Dell. Even if this is low to mid end of the server business, it is nothing to sneeze at.

To: Mary Cluney who wrote (162797)	11/17/2000 11:05:07 AM
From: calgal	Respond to of 176387

Friday November 17, 6:00 am Eastern Time Morningstar.com Gabelli Growth's Ward Picks Dell By Howard Ward, Fund Manager Howard Ward is manager of Gabelli Growth Fund (Nasdaq: GABGX - news), where he has put together a sterling record. Today, he highlights Dell Computer (Nasdaq: DELL - news). Why Ward Likes Dell ``Dell possesses many of the characteristics I look for in a stock. First, the company is a leader in a growth industry. Dell's slowest- growing business is desktop personal computers, a market expected to grow at more than a 15% rate in unit volumes during the next few years. Its other businesses--primarily notebook computers, client servers, and storage systems--are growing significantly faster, giving the company a blended growth rate of at least 20% in revenues and earnings. Importantly, this is real growth, not driven by acquisitions, share buybacks, lower tax rates, or cost cutting. Some investors are disappointed that the company can no longer grow at 40%- plus rates, like it did for the past five years. Fret not--a company growing at 20% doubles its earnings every four years. Most investors should be happy with that. ''Valuation is important to me. Dell is now a bargain at about 23 times next year's earnings, roughly one times the company's growth rate. Its current price of 24 is well below its high of nearly 60 that was reached earlier this year. At two times sales with a return on equity in excess of 40%, a growth rate greater than 20%, and an unimpeachable balance sheet, this is a good entry point for what is arguably the world's number-one electronic-commerce company. Assuming 20% growth, we believe the stock is undervalued by roughly 50%, giving rise to a price objective in the mid- to high-30s. ``Dell has had little management turnover and continues to be run by Michael Dell, its founder. Dell has a loyal customer base, attracted to the company's quality products and best-in-class service. The company has an increasingly rich product mix, and we believe that long-term investors will be well rewarded for holding these shares during the next 12 to 18 months. Dell offers real growth at an attractive price. We ask for nothing more.'' Disclaimer: The information provided and opinions expressed here are those of the Forum guest and are not advice or recommendations of Morningstar, Inc. All information and opinions are for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. In addition, the views and opinions expressed in this article may change based on market and other information. Visit www.morningstar.com daily for in-depth analysis of stocks, funds, and sectors in the news. biz.yahoo.com