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

To: Narotham Reddy who wrote (32379)	3/5/1998 11:31:00 AM
From: fred woodall	Respond to of 176387

Analyst Richard Chu told Dow Jones that the downgrade was based "entirely on a price basis". "Dell" shares hit a 52-week high of $143.875 Mon. It was trading Thursday morning at $133.375. Cowen maintained its earnings estimates of $3.85 a share for fiscal 1999 and $5.20 for fiscal 2000.

To: Narotham Reddy who wrote (32379)	3/5/1998 11:31:00 AM
From: David E. Taylor	Read Replies (1) \| Respond to of 176387

Text of Cowan downgrade: 3/5/98 10:15 am... DELL COMPUTER (DELL 134-1/2) DOWN 4-3/8, COWEN DOWNGRADES TO BUY FROM STRONG BUY... Analyst Richard Chu tells MarketScope stock roared past recently upped $130 target... Thinks fundamentals remain "rock solid"; however, concerns likely to intensify near term with regards to state of industry dynamics on heels of INTC warning... Thinks co. has proven impeccable credentials on execution as well as strength of its business model... However, with shares trading at 27x $5.20 FY 00, leaves little if any room for short term upside... Sees $50-$55 ($100-$110 pre-split) as more compelling entry point./S.Trombino. Seems to me he's pretty hopeful if he thinks DELL will hit 50-55/100-110 post/pre split. David T.

To: Narotham Reddy who wrote (32379)	3/5/1998 11:32:00 AM
From: Diana	Read Replies (1) \| Respond to of 176387

I vote for Lehman over Cowen. >>Some analysts argued the session could provide a buying opportunity for companies better positioned to deal with industry slowdowns, such as Dell and Gateway 2000 Inc (GTW - news). Because those two companies are direct vendors that build computers to order, they do not build up inventories of finished PCs when demand slows and they can quickly adapt to changing market conditions. ''We continue to believe that direct Tier 1 PC vendors are gaining share and are not subject to the inventory correction which the indirect vendors are experiencing,'' Lehman Brothers analyst Kim Alexy said in a research note. ''We would use weakness in the shares for Dell and Gateway as buying opportunities today,'' she said.<<