I don't think very many are saying the company is a POS. It's the stock that has been a POS, and in my opinion for good reasons. Valuation got way out of line, this for a time was the ultimate hype stock, Mikey said 30% growth would hold, etc. etc. Valuation is still high but much more reasonable than in the past.
John
Remember stuff like this???
To:willcousa who wrote (159443)
From: John Koligman Thursday, Aug 10, 2000 9:19 PM
Respond to of 164138
CSCO got hit also, but I have a very hard time thinking of stocks such as CSCO, AMAT, and SUNW as bargains. I think it more likely that eventually they will be afflicted with the 'Dell syndrome' at the slightest sign of things slowing down for them. Guess we will have to check in at the end of 2000 to see if Mikey made good on his statement about '2000 being a super year for Dell'...
Regards,
John
To:kakamongus who wrote (162895)
From: John Koligman Wednesday, Nov 29, 2000 9:45 AM
View Replies (1) | Respond to of 164137
K,
Well, I must say that sounds like Mikey doing a bit of backtracking and damage control when compared to his statements over the past year. He used to say:
'Customers making a strong move to WIN2k'
'EMC - Extra margin corporation'
'Compaq - In the rearview mirror'
Now he says customers need a 'push' to move to WIN2K, that Dell needs to 'work our way up' in storage, and that the CPQ logo seems to be getting 'larger' in Mikey's rearview mirror <ggg>.
Regards,
John
To:D.J.Smyth who wrote (161868)
From: John Koligman Wednesday, Oct 11, 2000 1:10 AM
Respond to of 164137
Darrell, Mikey must be reading your posts <ggg>. He lectured the Europeans on their 'tech backwardness' today.
Regards,
John
Dell Says PC Sales Can Still Grow
In Europe, Despite Weak Euro
Dow Jones Newswires
MADRID -- Although Dell Computer Corp.'s Chief Executive Michael Dell sees revenue from the personal computer maker's European operations lagging, he remains confident the company will be able to grow in the region.
"I think there's a long way to go in Europe in technology," said Mr. Dell, speaking to reporters after a presentation at the IESE business school in Madrid.
He said the problem lies with Europe's failure to take up technology more quickly.
"When do I it see it changing? Well, when do European businesses embrace technology fully? Technology is the essential ingredient in the modern capitalistic system," Mr. Dell said.
"I think it's a better question for European businesspeople -- it's an issue which I think has to improve."
The PC maker issued a warning last week that it would show softer growth than it had previously forecast, with revenue growth for the quarter ending Nov. 4 seen at 27% instead of 30%.
It blamed the strong dollar for damping demand in Europe, although any analysts believed demand was slipping elsewhere as well.
"We think we can continue to grow in this market even if it continues at the pace it's been on," Mr. Dell said
The chief executive also downplayed the company's recent downward revision of its revenue forecast.
"We can certainly be faulted for our failure to forecast correctly, but I think if you step back what you see is that instead of growing at 30% we're growing at 27%, which is still far faster than the market," Mr. Dell said.
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To:mepci who wrote (161210)
From: John Koligman Thursday, Sep 28, 2000 12:00 PM
View Replies (2) | Respond to of 164138
Mikey says component costs are dropping, which is good for Dell. As for 30% growth, Mikey says 'it's very achievable,
but it's very difficult to say if it might come in below that level by a few tenths of a percentage point'. <ggg OOPS>...
Regards,
John
Dell Chairman Says Surplus
Now Exists in Chips Market
By JON E. HILSENRATH
Staff Reporter of THE WALL STREET JOURNAL
HONG KONG -- What a difference a few months make.
Just three months ago, computer makers like Dell Computer Corp. found themselves scrambling to source components, like memory chips, which were in painfully short supply around the world. Today, as prices for DRAM, or dynamic random access memory, chips decline, Michael Dell, chairman of Dell, says the supply situation has flip-flopped.
"We're seeing a rapid decline in component costs," Mr. Dell said in a press conference during a visit to Hong Kong.
That's good news for Dell, but it's bad news for Asia, which supplies a large chunk of the world's computer components, like chips and motherboards.
When components were in short supply earlier this year, "people bought more product than they needed," says Mr. Dell. Now, he says, the market has quickly shifted from undersupply to oversupply.
The result, spot DRAM-chip prices have tumbled by more than 25% in a month to under $7, Intel Corp. has been hit with slower-than-expected sales and the share prices of Asian manufacturers like Samsung Electronics Co. have collapsed.
Mr. Dell said he would stick to his previous projections of 30% revenue growth for Dell this year. But he hedged his bets slightly. "I think it's very achievable," he said, adding that it is always difficult to say if it might come in below that level by a few tenths of a percentage point.
Mr. Dell added that the recent weakness of the euro shouldn't affect this earnings forecast: "Certainly, the market is not growing very quickly, but we are going to see a healthy increase in business there ... more healthy than any other company in Europe."
Separately, Mr. Dell said that he would meet with Richard Li, chairman of Pacific Century CyberWorks Ltd., while in Hong Kong. He said they would discuss broad "cooperation." CyberWorks shares closed at nine Hong Kong dollars (US$1.15), up 4%, or 35 Hong Kong cents, but the stock has fallen by more than 16% since Sept. 20, when Cable & Wireless PLC sold a 4.9% stake in the company.
Mr. Dell said he would be moving on to India, where the company has just begun offering direct sales of custom-made computers. Dell also plans to open a call center in Bangalore by the end of the year. |
