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

To: mepci who wrote (172143)	1/13/2003 11:46:39 PM
From: John Koligman	Read Replies (1) \| Respond to of 176387

I certainly have not heard anything other than what G.V Tucker and others have reported. What can I say, this stock is the Dirty Harry of the trading world (the one constant in an ever changing world), you play the 20's bounce over and over again. I keep wondering how long this will hold true, but it's like the battery commercial, keeps on ticking... Dell's been doing the bounce for about four years now, ever since it cracked in 1999, although the range was much larger a couple years back... Best regards, John

To: mepci who wrote (172143)	1/14/2003 6:48:31 AM
From: Sig	Read Replies (2) \| Respond to of 176387

<<<So what caused the last 2 days drop? >> Thats easy: Fear that Intel would either miss or give poor guidance The big boys on the third floor of the Casinos own barrels of Dell. and sold some . Taking some profits and perhaps over-confident they can at least buy it back later at the lower channel price Brokers love that action, pay analysts ( under the table now , I guess) to downgrade Dell . What the Heck was that last one for? Think of the fees made on trading 108mm shares in last two days ( over twice normal) And a good chance the sellers will try to buy back some tomorrow. Sig Sig

To: mepci who wrote (172143)	1/14/2003 10:12:39 AM
From: TigerPaw	Read Replies (1) \| Respond to of 176387

Concerns about demand prompt downgrade; stock declines 4 percent By John Pletz AMERICAN-STATESMAN STAFF Tuesday, January 14, 2003 Dell Computer Corp. shares fell 4 percent on Monday after J.P. Morgan downgraded the stock based on concerns that computer demand will be weak during the first half of the year and that recent price-cutting by Hewlett-Packard Co. will eat into Dell's revenue growth and profit growth. Dell's stock fell $1.17 to $25.98 on Monday, after analyst Bill Shope of J.P. Morgan downgraded the stock to "neutral" from "overweight." Shope also reduced his earnings and sales estimates for the coming year to 95 cents a share on sales of $40.4 billion from 98 cents and $41.6 billion. Shope said he is concerned that Dell's stock price is reaching its peak of about 29 times its expected profits for the fiscal year ending in January 2004. As recently as mid-November, Dell stock crested the $31 mark, but mostly it has been trapped in the mid-$20s amid concerns that it is overvalued based on its expected sales. Investors are also anxious about the overall demand for technology products and services. "With the increasing aggression of H-P in the PC and server segments, we believe Dell's profitability is under increasing pressure," he wrote in a note to clients Monday. Shope estimated that industry computer shipments grew at about half the traditional rate during the fourth quarter, when compared with the third quarter. But beware the ides of March. Most companies are beginning to report fourth-quarter results this week, but many observers already are focused on the first quarter, which is traditionally the slowest period of the year for many businesses, including computers. More importantly, Shope said he doesn't expect a major upgrade cycle in the second half of the year. Shope isn't the only one worried about profits in the next few months. Chuck Hill, head of research at financial-data house First Call, is nervous about the first quarter. Last year, each quarter's financial results were better than the one before. "The pattern is going to be broken in the first quarter and probably the second," Hill said. "But I really don't know what the second half is going to bring. My crystal ball is as fuzzy as it's ever been."