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To: Allegoria who wrote (5432)	11/29/2000 8:06:10 AM
From: riposte	Respond to of 10934

Dell to announce partner in expanding storage strategy From InfoWorld.com Published at: Tuesday, Nov. 28, 2000 8:26 am PT Dell to announce partner in expanding storage strategy By Dan Neel INTENT ON VENTURING even further into the lucrative enterprise storage market, Dell will announce a significant expansion of its Storage Systems business unit at a conference of senior-level executives next Tuesday in New York. The expansion will include new storage devices and storage servers, a re-tuned enterprise storage business strategy, and the addition of a still unnamed storage partner, according to Dell sources. Dell has had recent storage manufacturing agreements with several prominent companies, including Sunnyvale, Calif.-based Network Appliance and Milpitas, Calif.-based Quantum. For Dell, choosing the right storage partner will enable it to better drive toward storage standards, sources said. Earlier this year, Armonk, N.Y.-based IBM and Houston-based Compaq combined their storage portfolios into one catalog. The move was part of an effort to expand each company's storage offerings and drive toward more standardized storage protocols, according to officials for the two companies. Round Rock, Texas-based Dell, the originator of the built-to-order PC business model, has been steadily ramping up its storage offerings since it spun off its PowerVault storage division from the Enterprise Systems Group in 1998. As of last September, Dell officially launched a separate Storage Systems business unit headed by a new vice president and general manager, Russ Holt. According to estimates by Framingham, Mass.-based International Data Corp., Dell has yet to break into the top five list (by revenue) of worldwide suppliers of externally located disk storage systems. That lineup currently consists of -- in descending order -- EMC, Compaq, IBM, Sun, and Hewlett-Packard. Dan Neel is an InfoWorld senior writer. www2.infoworld.com

To: Allegoria who wrote (5432)	11/29/2000 9:26:38 AM
From: kas1	Read Replies (1) \| Respond to of 10934

And we both know surprising riches are rewarded if we can just study correctly. That's a pretty big "if." The lottery is the best investment of all, if one can just figure out the winning numbers ahead of time. Again a pretty big "if." No predictive mechanism, system, or person has ever shown efficacy greater than zero. Most have shown negative efficacy; especially after transaction costs and tax costs, you are worse off listening to them. Add on the value of your time, and well, the expected returns become clearly negative. If you indeed can study correctly -- that is, predict the market -- then great. In fact, if this is the case, then I will dump my NTAP right now, and invest in you, or whatever investment fund you decide to establish. No one, however, has shown the ability to predict the market. It's a crapshoot, and it's generally not worth it. I have traded short-term sometimes (in fact, I spent about an hour "daytrading" a few hundred shares of NTAP yesterday), and have consistently found that it's not much of a moneymaking proposition, if at all. Unless you have an informational advantage (this is why the investment houses find trading profitable), or can move markets out of your own accord (again, the investment houses), trading is not profitable. The only type of profitable trading, absent informational or price-setting advantages, is position-neutral trading, where you provide liquidity and take spreads (what market makers do). Have you ever heard of a billionaire who trades? Or, at least as unlikely, have you ever heard of anyone who got really rich (I mean really rich, not a few hundred K)through trading? Don't you think that if daytrading were profitable, these people would be doing it? Meanwhile, there are many who have gotten rich through investing -- and billionaires either LTBH or let the investment houses trade for them in the information-privileged environment. FWIW, though, one thing I always appreciate about traders is that traders usually don't go around saying that everyone should be a trader, the way that LTBH'ers say everyone should become one. (It's a bit like what Umberto Eco says about the difference between Protestants and Catholics... anyway...) Your statement, however, teeters dangerously on that line, implying that one needs to trade to get "every last dime" out of NTAP. Just some early morning ruminations....