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

To: Meathead who wrote (43367)	5/19/1998 4:43:00 PM
From: Chuzzlewit	Respond to of 176387

Sorry Meathead, I was looking at unformatted numbers -- very hard to read. Thanks, I am happy to stand corrected on that issue. But now we can ask with even greater certainty What Pricing Pressure!!! TTFN, CTC

To: Meathead who wrote (43367)	5/19/1998 6:02:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Meathead, I'm addressing this to you because there are so many inane bears on this thread that I don't know where to properly send this, so don't interpret this as if thought you are a bear. You are just a surrogate for the moment. Dell had an excellent quarter. Throughout the quarter we have been reading of price wars being fought in Dell's turf (high end desk top machines) by the likes of CPQ, HWP and IBM. Indeed each of these companies posted results consistent with the view that there was a tremendous price squeeze going on. There is no evidence of that price squeeze in Dell's results. Indeed, we have seen an improvement in certain key areas such as gross margin and ROIC. The whisper number is a strange bird. It is never justified and it is never attributable to any particular analyst. It is a number that unnamed investors float. But there is a more important whisper number. It is the number that all investors implicitly generate when they buy a stock. We will find out in the next couple of days what that whisper number was by how the stock behaves. But the issue is Dell, not the whisper number. Because of the limited financial information (these are condensed statements) available from Dell's website I can't do as thorough an analysis as I would like, but I see a superbly managed company. It is almost frightening to think of what this company may accomplish when it has ramped up its Asian and South American production and sales efforts (especially considering the poor state of the Asian economies). So from my perspective the fundamentals look superb. The long haul continues to look great. I will leave issues of valuation to where it properly belongs -- the marketplace. TTFN, CTC