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

To: Jim Patterson who wrote (36525)	4/3/1998 12:32:00 PM
From: garrick le	Read Replies (2) \| Respond to of 176387

That 's right,Jim.CPQ ,HWP,SUNW and IBM are going to do something about DELL. Not to mention the fact that PC prices are shrinking very fast and the strong trend towards $500 PC. Dell is going to the toilet :-)) ($ 30 in 3 months). GL

To: Jim Patterson who wrote (36525)	4/3/1998 12:34:00 PM
From: Venkie	Respond to of 176387

Who was the big fund mgr on cnbc today saying that dell was undervalued alon with gap- tommy.... Cpq and those guys have to carry to much garbage to catch dell as it flys by..I mean look at Cpq now..world of trouble. First Boston wants more dell and probably has lunch with Kaufman on a regular basis..

To: Jim Patterson who wrote (36525)	4/3/1998 12:44:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 176387

Oh my, is it really you, SHORTonDELL? Too bad in any event!

To: Jim Patterson who wrote (36525)	4/3/1998 2:06:00 PM
From: Meathead	Read Replies (1) \| Respond to of 176387

Jim, Compaq et. al. have been trying to impede Dells progress for years. The Compaq secret corporate mission statement in 93 was "kill Dell" in 94 it was "stop Dell at all costs", in 95 it was "Death to Dell" and so on (I know many folks who work there). Now, Dell is widening the competetive advantage gap at an accelerated rate. We know from exhaustive analysis that the Big 3 can not match Dell's pricing structure for similar technology due to the radical difference in business models. So the statement: Do you think these currently much bigger companies will just let DELL drive right on by without doing anything to impeed DELL's progress ? Is it that you feel these companies have just now realized that they need to STOP DELL and will now get serious about it? They have all ganged up on Dell and have failed miserably every time. Now they have the answer? Evidence suggests not. Again the valuation issue is raised. Listen to Paul Levy when he talks about how difficult it is to value hi growth stocks. He is absolutely right. Can Dell have a market cap of 100B plus with 35B in revenues (cy 2002). Sure, just as easily as Intel has 150B/25B and MSFT with 180B/12B. Different businesses with different valuation criteria. The one thing they have in common is a tremendous advantage that sets them apart from the competetion... hence hi valuations. Dell clearly has an advantage that can not easily be duplicated... just ask CPQ, IBM, HWP... they have infinite resources, why can't they stop Dell? How was it that industry giants like KMART and Target let tiny little ole Wal-Mart come up from nowhere and become far bigger and badder. How could that happen? Why could'nt they stop Wal-Mart? MEATHEAD

To: Jim Patterson who wrote (36525)	4/3/1998 5:35:00 PM
From: Frank DiLorenzo	Respond to of 176387

J. Patterson ... You don't compute ... I don't own Dell, but your comments make no sense. If Dell grows earnings and revenue by the same amount, then the company will be making $10.74 EPS after five years (using estimated earnings). At a price multiple of 20 the stock would be worth $215 in five years. If Dell does grow at 42% for the next five years, then it is very undervalued. Furthermore, look at CPQ, IBM, HWP and you will see that their earnings efficiency is vastly inferior to Dell's, even factoring in Dell's higher multiple. I have several models I use to rank and price stocks. These have consistently picked the winners over the losers based on objective numbers. For example, CSCO over COMS, KO over PEP, DELL over GTW. The point is, based on the numbers DELL is a better investment than the others. Obviously, if it dissapoints it will get hammered, but based on expectations it is not overvalued.