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

To: mepci who wrote (163446)	12/27/2000 10:57:31 AM
From: John Koligman	Read Replies (1) \| Respond to of 176388

Mepci, I did well by avoiding the HyperPE and INUT stocks, and by not holding for any length of time. I'll also stay out of the market if I don't like what I see. I did not do very much at all this fall. This year, for the most part I traded large techs, trying to catch them after a big downward move, and playing them for very short term rebound moves. It worked very well. I did not short very much at all. In retrospect, just shorting the high flyers and sitting back all year would have been the best strategy. Of course, reasonable folks that tried that last year got burned badly as the crazies continued to bid tech up. In any event, the action this year favored traders. I'm sure that up till this spring, many folks did better than me with minimal effort, just 'buy em and hold em'. As for Dell, it's gotta be near bottom. However, it's a pretty good bet that at least on the consumer side, there is going to be a significant effort to move that inventory that piled up due to slow sales (by Dell's competitors). Also, I have not seen Dell promote their workstations in the past the way they are doing so now. So, unless things are very strong on the server front I have a hard time seeing how they will beat by much, if at all. Regards, John One other possibility - could they cut the 20% growth prediction as too high based on what has transpired in the box side of the business...

To: mepci who wrote (163446)	12/27/2000 11:16:14 AM
From: hlsjones	Read Replies (1) \| Respond to of 176388

mepci I'm neither a wizard or a short and I made a nice profit in 2000. What's your definition of successful? HJ

To: mepci who wrote (163446)	12/28/2000 12:11:12 PM
From: John Koligman	Read Replies (2) \| Respond to of 176388

Prudential Cuts Dell Fiscal 4Q, 2002 EPS, Revenue Views Dow Jones Newswires By Ross Snel Of DOW JONES NEWSWIRES NEW YORK -- Prudential Securities' analysts cut fourth quarter revenue estimates for Dell Computer Corp. (DELL) and International Business Machines Corp. (IBM) Thursday, citing expected weakness in demand for personal computers, disk drives and software. The Prudential analysts also lowered their estimates for Dell's fourth-quarter earnings and fiscal 2002 earnings and revenue. Prudential now expects Dell to report $8.29 billion in revenue for its fiscal fourth quarter, which ends Jan. 31. That's down from the previous estimate of $8.38 billion, which Prudential lowered on Dec. 4 from an original estimate of $8.75 billion. In a research report, the Prudential analysts wrote that they are also lowering fourth-quarter earnings-per-share estimates for Dell to 23 cents from 26 cents. "We are again lowering revenue estimates ... and are also lowering EPS on concerns that demand conditions have further weakened and pricing has intensified," the analysts wrote. "Over the remainder of the month, it appears that (personal computer) server demand has also softened -- causing us to further question our (previous) revenue growth assumptions. In addition, pricing pressures have intensified across the product line, and we believe these pricing actions have failed to sufficiently stimulate unit demand -- causing additional risk to both our revenue and (gross-margin) assumptions." The analysts also lowered fiscal-2002 revenue growth estimates for Dell to 15% and their EPS estimates for fiscal-2002 to $1.06 from $1.12. The analysts cut their fourth-quarter revenue estimate for IBM to $24.5 billion from $25.3 billion. They are keeping their fourth-quarter EPS estimate at $1.39, which is 7 cents below the Wall Street consensus. Shares of both companies were down in early trading. Dell's stock was being sold at $17.69, down from Wednesday's close in composite trading of $18. IBM shares were being sold at $82.44, down from Wednesday's close of $84.69.