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

To: jim kelley who wrote (23408)	11/27/1997 12:51:00 AM
From: Xplorer	Read Replies (1) \| Respond to of 176388

Jim, One line I have not seen explored is that some of this downward trend in the high tech stocks is do to the managers of mutual funds. These guys for the most part have had a great year & are probably doing alot of end of year selling and manipulations to maintain their gains. With the 10 year performances getting a boost from the "87" correction dropping out, percentages of all the funds are changing and none of them want to make a mistake now. High performance sells funds. Keep in mind what any of us could do given enough shares of any one stock not to mention what a group of us could do with the same goal. I'm not paranoid enough to believe it's a conspiracy, but rather a response to certain given conditions. High PE's, baby boomer investing, real time information access, e-trading,unrealistic expectations such as DJIA of 10000 within a year and self management investing to name a few. These things and others cause a flow events to occur and I think that is what we might be seeing. I personally think we will see alot of volatility for the rest of the year but weeks like last week of overall little change in the averages. I could be wrong. In any case if I'm at all close, things could start getting interesting after Jan 1st. Steve.

To: jim kelley who wrote (23408)	11/27/1997 12:06:00 PM
From: Warren Van	Respond to of 176388

News from Dell Europe. Fourth quarter and 1998 are said to be strong. I think the fund managers who have taken profits will be back in Dell pronto, testing the resolve of the shorts. Warren ************ FRANKFURT, Nov 27 (Reuters) - Dell Europe, the European division of Dell Computer Corp , reported record quarterly revenues of $700 million on Thursday, up 45 percent on the same period last year. Jan Gesmar-Larsen, president of Dell Europe, Middle East and Africa, said strong growth was expected to continue in the fourth quarter and into 1998. "We expect a successful 1998," he told a news conference. "We have only just started in a number of countries." Gesmar-Larsen said Dell managed to further increase its market share, with revenue growth in the three months to November 2 around 4.5 times faster than overall market growth. Europe contributed 22 percent to Dell's total revenue. Third-quarter growth was driven by a continued surge in server sales. Dell's server sales surged 202 percent, versus European market growth of around 36 percent. Desktop sales climbed 43.4 percent versus 15.2 percent for the region as a whole, but Dell's portable PC sales fell 23.5 percent compared with growth of 7.7 percent in the overall market.