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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (26310)3/2/1998 11:49:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Mike, Uh-oh, Jerry Springer won't send his stripper wife after me, I wish. -g-

It is too bad guys like Einstein (what an ironic name for somebody with a room temp IQ) don't understand that the great majority of tech stocks have hit the skids since I started making my comments. A mere handful have held up in price while the great majority are underwater and were great put plays. Wish I'd played even more of them. The few that have held up get all the press and I guess the great unwashed can't get past the headlines. -g-

Dell fell apart in 1991, with the fundamentals and the stock hitting the skids and everyone in the financial area claiming that Michael Dell was a tout who didn't know how to run a business. I was actually tempted to buy some at that time, but my dislike of boxmakers prevented me from doing so and there was much more money to be made in software stocks. That was when the growth rate, in dollars, of pc sales fell to 8 pct. This time around, Dell is much better positioned than last time. However, this time around, the growth rate in dollars will be much lower than 8 pct. Everyone has now forgotten that crash, which also zapped Compaq and all the other boxmakers, and believe, along with the fella who manages the Seligman Tech fund that pc sales grow 25 pct. every year without exception. -g- He actually said that in Barron's. Oh, yeah, I'd let him manage my life savings. MB