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

To: Gabriel008 who wrote (24401)	12/6/1997 5:13:00 PM
From: Lee	Read Replies (1) \| Respond to of 176387

Gabriel, Thanks for the info from Barron's regarding BLS calculation techniques. It doesn't make sense that 20 work days will generate a higher average hourly earnings number than 23 work days. But I'm never surprised because of the revisions that you noted. However, rising wage rates not translating into inflation because of overseas competition is a little suspicious. It has been known for a long time now that worker productivity improvements (due to technological improvements among other things) is also miscalculated. To me it is more accurate to attribute our low wage inflation here to productivity gains, not foreign competition. Stephen Roach, chief economist with Morgan Stanley discusses the question of productivity gains versus cost cutting measures in the link shown below. Since we have in the last several weeks learned of additional mass layoffs from the likes of EK and others, this may also serve as a dampening effect on wage growth rates. You are absolutely right about competent management and that's why we own Dell. Competent management takes advantage of latest technology. Regards, Lee ms.com