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

To: Mohan Marette who wrote (25202)	12/15/1997 4:05:00 PM
From: James H. Irwin	Read Replies (1) \| Respond to of 176387

I just manage my own dough. Not a professional money manager, but rather I earn my living slugging it out everyday. As for his rating, ratings are less important than where his earnings estimates lie. As I pointed out nobody who has any semblance of a chance to get investment banking business will put a sale on a company...unless you've already been snubbed and excluded from a pending deal. I'm not so omniscient nor have claimed to be to have been able to see the Asian Contagion because I trade interday using fundamentals with a technical overlay. To read: I play in companies who I feel won't hurt me on the short term with fundamental weakness or strength depending on long or short. I tried to use a disclaimer so that I could post a warning to all about the usefulness of Buy, Strong Buy, Hold (as in hold "this"). If the guy had any huevos rancheros he would have done what he gets paid to do and that is position his clients accordingly. Instead he forgot to turn off the fan and guess what, the room is all messed up. Here is the First Call commentary: "We are reducing our earning and EPS for CPQ in 1998. Revenue estimates for the year are $30.8B from $32.0B, with $150M coming out of 1Q98. Our revenue reduction primarily reflects our continuing concern regarding CPQ's U.S. inventories relatinve to expectations CPQ had previously set. EPS estimates for the year is decreased by 21 cents as a result of both reduced revenue and higher expense assumptions we are making. We believe CPQ will continue to aggressively expand its direct sales presence to serve "medium-sized" businesses. We have also reduced our worldwide PC market unit growth assumptions, primarily due to Asia-Pac weakness. However, we see very little imcremental impact to CPQ given its geographic mix. At 16 times our 1998 earnings, CPQ's stock remains at the high end of its historic P/E range. OUr revised PC market growth number (published today) and CPQ's market share growth requirements to hit its number with our model (less than one share point for the year) give us some comfort for next year's earnings. However, near term inventory levels remain a concern. Although sell-through commentary from CPQ and others remains positive, it is unlikely CPQ's stock can make substantial headway until 4Q sales checks turn decidedly positive." Sounds more like a strong smell or a good-bye to me. Again no disrespect intended, just providing my impression of what investment ratings mean. I tend to traffic in companies with improving fundamentals, where they continue to deteriorate, I'm calling stock loan. I'm simply suggesting that investors do a bit more due diligence. That is why I use stop losses, because somebody almost always knows when there is a problem. Sales people, sales managers, VP's of sales, Directors of Marketing. Just trying to provide some a viewpoint on someone who has sold stocks to institutions for 15+ years. bon chance Jim