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

To: Dell-icious who wrote (47776)	6/16/1998 2:21:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176388

Dell-icious, here is the part of the interview I found most interesting: I think this [CPQ-DEC merger]really provides unprecedented opportunity for us. This is going to be a big distraction for these two firms as they put themselves together, and at exactly the time when the world's going from closed computing to open computing, the customer has more and more choices every single day about services, and we don't think that's the right time to be bundling product and service together. So, in fact, what they have done is turned a number of their alliance partners into competitors, and these companies -- the IBMs, the Andersens, the KPMGs, Cap Geminis -- there's thousands of firms that provide consulting services but not hardware -- are now all working with us, and they view COMPAQ as their new competitor. So, again, I think that and the tremendous difficulty in merging these two firms together will create a huge opportunity for us. TTFN, CTC

To: Dell-icious who wrote (47776)	6/16/1998 2:02:00 PM
From: Dell-icious	Read Replies (2) \| Respond to of 176388

Quant View: Good News, Bad News: Dell's Still Expensive thestreet.com Here are some excerpts: By Ted Murphy Special to TheStreet.com 6/16/98 12:10 PM ET Dell Computer's (DELL:Nasdaq) competition is prepared to pay the price, and that's bad news for Dell's earnings over the next few quarters. I decided to buy 10 computers last week -- my Web site eats computers like my kids eat candy -- and Compaq (CPQ:NYSE) matched the Dell bid. In a similar situation last year, Dell's flexible production model allowed it to structure a bid that was up to a third lower than Compaq, Hewlett-Packard (HWP:NYSE) or IBM (IBM:NYSE). Clearly, that's changed. So, I bought the Compaqs rather than the Dells. While the brands deliver comparable quality, the benefits of purchasing the hardware from the reseller next door, drop-shipped to the office in two days rather than seven, tilted the scales in Compaq's favor. Valuation Improved but Not Yet Attractive Valuation for Dell Computer has certainly improved over the last month, but the current multiple of 37 times forward earnings is still a long way from the historical norms. Dell's multiple ranged from eight to 20 times 12-month forward earnings during most of the previous 10 years. Ted Murphy (ted@pdgm.com) operates the MarketPlayer Web site. Previously he was a partner at Equinox Capital Management. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. c 1998 TheStreet.com, All Rights Reserved.