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

To: Paul van Wijk who wrote (20786)	11/6/1997 2:33:00 PM
From: James Young	Read Replies (3) \| Respond to of 176387

Paul - Does anyone know whether IBM's announcement of its entry to the sub-$1000 PC will have an effect on DELL?

To: Paul van Wijk who wrote (20786)	11/6/1997 2:50:00 PM
From: G.M. Flinn	Read Replies (2) \| Respond to of 176387

Paul - great post, and thanks for the pep talk! Additional points to consider: 1) Dell's CFO has been rather boldly stating that stock is undervalued, right up to quiet period. 2) Q3 is right in the sweet spot for Dell's government buying cycle ... "use it or lose it" time for all those gov't budget busters. 3) Q4 is European ramp-up time, just as that "sluggish European market" appears to be subsiding 4) leasing program is apparently really taking off. Nonetheless, it has been painful to observe this P/E contraction. Maybe we will just have to let earnings catch up to market perception for a couple of quarters. In all probability, Dell will probably do around $4.00 or so in 1998, which puts a company growing at 50% at a forward looking P/E of 20. Seems like a good value. Glenn