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

To: Chuzzlewit who wrote (44265)	5/22/1998 2:33:00 AM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 176387

This sounds like good news for the current quarter: Message 4555691

To: Chuzzlewit who wrote (44265)	5/22/1998 10:28:00 AM
From: Greg Jung	Read Replies (2) \| Respond to of 176387

Of course there's no comfort level because, if the price drops engouh then you acquire the same doubts as the market. The company buys its own stock these days at $44 I would go for that. It is impressive how they are returning the cash flow directly to the stockholders with these buybacks: actually I think about 2x last Quarter's earnings were spent in the buyback. So if you can justify the low cash level and modest R&D - which I think is appropriate for selling the assembly and delivery of an Intel machine - then you have to consider however the cyclicity of their demand. New product (P II) is out now for a while, it is hard to top and you have to figure, how could it get any better. It must get worse at some point and maybe a truly "weak" quarter will emerge. So the stock can go on sale even more. When that happens is when I generally take ownership of things, it is still at the trader's level here. Of course I SAY THAT NOW but I can get greedy and impatient like anyone else, especially after seeing run-ups on stocks that I have passed by. Last fall I congratulated myself for resisting Dell at $80, the year before I bailed on Lucent at $55. (pre-split prices) so there's lots of history to rekindle this instinct. Greg