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

To: jbn3 who wrote (39999)	5/2/1998 1:56:00 PM
From: Mohan Marette	Respond to of 176387

Hummmmmm.....I see trouble in the offing [NOT FOR DELL]. The stock now trades at 30 times 1999 earnings estimates. Hi Dellish 3, Well if the 1999 PE is projected at 30 and DELL is growing at a multiple of 3 to 4 times the industry,let's say 50, I say somebody is undervalued can't figure out who though.<VBG>

To: jbn3 who wrote (39999)	5/2/1998 2:04:00 PM
From: Sig	Read Replies (1) \| Respond to of 176387

Three: Re Barrons article Fork lift stock overvalued??? Have I missed something, has there been an explosion in that area?? Perhaps new technology has come out with faster models, and my neighbors are laughing behind my back when they see my "old" one. Am sure that fork-lift-bubble will burst someday, as they have been stuffing the channel with 'under 10k' models.Just too much competition, endless price cutting, fork lifts just a commodity now. Next year might find them free in cracker-jack boxes. Here is todays line-up courier-journal.com SES

To: jbn3 who wrote (39999)	5/2/1998 11:34:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176387

3, some people are just blind, and do not know what we see. Greg

To: jbn3 who wrote (39999)	5/3/1998 1:55:00 PM
From: rudedog	Respond to of 176387

3 - Barrons is ignoring a lot of information to come to this conclusion. From what I have been seeing, and from the analysis on this thread and elsewhere, it looks to me like CPQ and Dell are moving MORE into separate environments. These guys assume that because both companies offer products in similar categories that their business environments are the same when we have seen a clear and management driven divergence. For example, CPQ is moving more to a services led model in the midrange and high end. This will reduce their revenue per employee but will help to stabilize margins with longer term service contracts. It also helps reduce the impact of component prices on their earnings, which will be buffered by services revenue. They would otherwise continue to be vulnerable since they have little hope of reducing inventory below 3-4 weeks. The target level is 2-4 weeks. In that same space Dell is moving to a more dynamic customer driven model, attempting to further decrease inventory days while improving their ability to leverage component price changes. Clearly different models, and broad changes in the industry will affect the performance and stock price of the two companies differently, sometimes favoring one, sometimes the other. An analysis which ignores so much basic evidence of a fundamental divergence in the two companies' business models can't be too good in other areas, can it? But then Mr. McCarthy did not have the benefit of people on this thread (& on the CPQ thread) challenging his ideas.