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

To: McNabb Brothers who wrote (25022)	12/13/1997 9:21:00 PM
From: Boplicity	Read Replies (2) \| Respond to of 176387

Hank, <<I know I know there are two sides to every story, but to me this looks like the first real story about DELL that is on the other side! >> Very astute. I am in complete agreement with you.ÿ What is happening to CSCO with the resent negative stories, could happen to DELL starting Monday.ÿI will be net short after monday. The only stocks I have that long are T, NMBS, MSPG, the rest is cash. Greg

To: McNabb Brothers who wrote (25022)	12/13/1997 10:19:00 PM
From: Meathead	Read Replies (1) \| Respond to of 176387

Hank! Re: most other companies have too much price competition and can be up rooted by someone else that may come out with a better mouse trap! referring to Dell... You should be listening to some of the experts on this thread. The largest most powerful PC company on earth can NOT duplicate Dell's business model. The smaller companies can NOT duplicate Dell's economies of scale or brand recognition. Where does that leave Dell? In a class by itself maybe??? On another note, Dell has lost it's pricing advantage in the reseller channel. Please respond with a post outlining the ramifications to Dell by because of this development. Do you know what this really means? cheers, MEATHEAD

To: McNabb Brothers who wrote (25022)	12/14/1997 12:20:00 AM
From: B Hewson	Read Replies (1) \| Respond to of 176387

Hank, your note to Venkie says you want to hold your blue chip core holdings. Would you sell these stocks if this bad market turns into a bear? Maybe you have held them so long you have big profits and don't want to sell? Barbara

To: McNabb Brothers who wrote (25022)	12/14/1997 1:11:00 AM
From: Beachbumm	Read Replies (1) \| Respond to of 176387

Hank, that post was interesting enough to cause me to reply. Difficult for me to envision a real bear market (a la '73-74) when utilities are making new highs and bonds closed below 6%. Thanks to Asia, the world is now convinced that the only place to park one's dough is in US assets. Of course, the strong dollar will hurt our exports. But deflation? Forget it. What costs less in your community? (I recently went shopping for legal services for a $10,000 dispute. I've been laughed out the door. No one's interested in such small potatoes -- they're too busy.) Greenspan will raise short rates in '98. It is impossible to obtain skilled workers in any market. They are being bid up. He is not a new paradigmer; he will not tolerate this high level of employment. He sees no threat of deflation. Also, I was amused that you will hold STEI during this coming bear. Its PE is almost the same as DELL's. Beachbumm

To: McNabb Brothers who wrote (25022)	12/14/1997 3:38:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Hank, your reading of bear market pricing is only partially correct. Stocks selling at low multiples generally occurs when bond yields are quite high. Typical economic cycles end with inflation and high bond yields which are responsible for the fall in p/e. Looking at p/e alone is a good way to fool yourself. Right now we have a lot of money flowing into the US bond market. If anything, the expectation would be for P/E expansion were it not for decreased earnings expectations arising from the Asian monetary crisis. We've seen some significant earnings shortfalls such as ORCL, and some severe oversupply problems such as dd's and drams. But none of these problems are due to Asia per se. The market is currently running scared on hi-tech issues, but I suspect we will get a better fix on the results of the Asian monetary crisis come mid January when we've had a chance to digest 1st quarter earnings reports. Regards, Paul