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To: Najib Mehanna who wrote (20325)	11/2/1997 7:39:00 PM
From: Chuzzlewit	Respond to of 176387

<<The word out is that demand is not what they expected for this quarter>> Najib, what word, and from whom? The last industry reports that I saw indicated something of the order of a 60% increase in units shipped. Do you have hard information, or are you estimating based on GTW? Regards, Paul

To: Najib Mehanna who wrote (20325)	11/2/1997 7:55:00 PM
From: Mark Fowler	Respond to of 176387

>The word out is that demand is not what they expected for this quarter,< And who's word is that? To much wild speculation, I'll stay put. They will meet the estimates or a little better.

To: Najib Mehanna who wrote (20325)	11/2/1997 9:20:00 PM
From: Meathead	Respond to of 176387

Re: Michael Dell unloaded 73 million 2 weeks ago. I assume you are talking in dollars Najib? Brings up an interesting point however about insider selling. A few months back we all noticed increased activity. I did a lot of research and found out these guys unloaded ~10% of their holdings for millions. Here are the top examples Executive shrs sold shrs remain %holdings sold M. Dell 670K infinite ~1% Tom Meridith 90k 910k 9% Mort Topfer 200k 1.8M 10% Kevin Rollins 64k 1.3M 5% M. Ratcliffe 50k 950k 5% This trend continues for the rest of Dell's executives and board members I am told by insiders. A glance at one of my old Dell proxies confirms that Eric Harslem who sold 140k still has a substantial amount. MEATHEAD

To: Najib Mehanna who wrote (20325)	11/2/1997 9:32:00 PM
From: Meathead	Read Replies (1) \| Respond to of 176387

This is the kind of frantic panic messages I'm seeing on all the threads. I'm noticing a trend however, all of the naysayers are either outsiders to the industry they are bashing or they are low on the food chain at a rival company. All the professionals are supremely confident of the future outlook. Najib, Why did Gateway have a bad quarter and what is it that you do for a living? Just curious. MEATHEAD

To: Najib Mehanna who wrote (20325)	11/2/1997 11:21:00 PM
From: hpeace	Respond to of 176387

najib, I get research, none of the research I get supports your staement. can you point to a source that has a reliable track record. feast on this Interesting analysts survey (Salomon Brothers) Salomon Brothers Inc Morning Research Call - THURSDAY, Oct 30, 1997 09:39am EST 30-Oct-97 Salomon Brothers (Rich Gardner) This is a summary only. * Compaq Computer HOLD to BUY: Re-initiating coverage with an $85 price target. * Dell Computer HOLD to BUY: Re-initiating coverage with an $110 price target. * Gateway 2000 HOLD: Re-initiating coverage with an $34 price target. * Apple Computer UNDERPERFORM: Re-initiating coverage with a $17 price target. ========================================================= *INVESTMENT OPINION CHANGES* Compaq Computer (CPQ HOLD to BUY $63 7/16) Richard Gardner, Jr. 1995A: $1.50 1996A: $1.88 1997E: $2.67 1998E: $3. Re-initiating coverage and upgrading shs to BUY. * CPQ is the leading vendor of desktops and servers in the world with a 12% an 30% sh, respectively, and the third largest vendor of notebooks with an approximate 10% sh. CPQ has held the top spot for three yrs and continues to take sh. The co is the most diverse of the pure PC plays in terms of geographic reach, product breadth and customer base. * CPQ is trading at an all-time high P/E. We believe this reflects increases in asset turns, ROIC and free cash during the past two yrs. We see continued improvements in CPQ's ROIC in the coming twelve mos, and therefore believe that the co will continue to trade at a premium to the S&P 500. At 22X earnings, our price target is $85. ---------------------------------------------------------- Dell Computer (DELL HOLD to BUY $83 1/2) Richard Gardner, Jr. 1995A: $0.39 1996A: $0.65 1997E: $1.38 1998E: $2.55 1999E: $3.45 Re-initiating coverage and upgrading shs to BUY. * Dell is the leading direct, build-to-order mfr of PCs and servers in the world. Dell has experienced tremendous sh increases during the past yr in servers, desktops and notebooks, growing its unit shipments 58% in 97 and 53% in 98. Dell's purely direct model has gone from a source of skepticism to a driver of widespread industry change. Dell shs were the top performer in the S&P 500 last yr. * We believe Dell can maintain or even boost its ROIC during the coming yr with a higher consumer mix, a higher mix of internet sales and continued strong earnings growth. Therefore, we believe that the shs will continue to trade at a significant premium to the mkt. With a 25 multiple, our 12 mo price target is $110. ---------------------------------------------------------- *NEW COVERAGE* Gateway 2000 (GTW HOLD $29 7/16) Richard Gardner, Jr. 1995A: $1.09 1996A: $1.60 1997E: $0.58 1998E: $1.91 Re-initiating coverage and maintaining HOLD. * Gateway 2000 is the second largest direct, build-to-order mfr of personal computers. Prior to the recent acquisition of Advanced Logic Research, Gateway derived all of its revenue from the desktop and notebook mkts. Gateway is also the least geographically diversified of the PC vendors-83% of its total revenue comes from the U.S. mkt. Gateway derives 40% of total revenue from the consumer mkt. * The shs trade at 17X forward 12 mo earnings despite two consecutive pre- announcements. We believe there is a high level of expectation in the current valuation. Q4 will be strong, but we prefer to stay to the sidelines pending more visibility. Price target is $34. ---------------------------------------------------------- Apple Computer (AAPL UNDERPERFORM $17 1/2) Richard Gardner, Jr. 1996A: ($5.70) 1997A: ($2.88) 1998E: $0.14 Re-initiating coverage and maintaining UNDERPERFORM. * Gil Amelio had put a solid strategy in place prior to his departure from Apple (including fair and widespread licensing and the development of a server-strength operating system for the corporate mkt). Another major shift in strategy was not what Apple needed. * Licensing was Apple's single best hope for regaining sh in the worldwide PC mkt. The Power Computing acquisition effectively ended licensing. This will be viewed negatively by semiconductor partners (IBM and Motorola), software developers and potential customers. * Apple needs a strong CEO for a turnaround. Who will want to assume responsibility for Apple's turnaround without the ability to effect change? Steve Jobs has already set Apple on a firm course. * Microsoft and Intel are now targeting Apple's traditional mkts with Windows NT and the Pentium II processor with AGP. ----------------------------------------------------------

To: Najib Mehanna who wrote (20325)	11/3/1997 2:03:00 AM
From: hpeace	Read Replies (2) \| Respond to of 176387

Najib, are you going to post your sources, the word on the release just last sunday from idc and daatquest was to expect 18% increase in 4q97... what source are you quoting.??? Don't say your mother-in-law...pleaseeeeeeee!!! No one's going to buy a DEC pc..no one..

To: Najib Mehanna who wrote (20325)	11/3/1997 9:25:00 AM
From: Venkie	Respond to of 176387

Plain Idiots.....> Thanks for sharing that and It will be bad on you if your wrong..Looks like the market is in ralley mode..Where did you come from to post such a bold statement and whats the reason for your great prediction.

To: Najib Mehanna who wrote (20325)	11/3/1997 9:39:00 AM
From: Rosemary	Read Replies (1) \| Respond to of 176387

Najib, The word out is that, etc. Where precisely are these words out there are actually being said?? Solomon doesn't hear these words out there, nor does Merrill Lynch hear these words. I'm just wondering where you heard them?