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

To: Sig who wrote (51427)	7/15/1998 12:57:00 PM
From: Lee	Respond to of 176387

Hi Sig,..Re:<<Once again Dell has been seriously underestimated by the Market>> Sig, you have revealed the edge we have being both tuned in to SI and to the increasingly digital economy. I posted this article last Dec or Nov but maybe it's worth referencing again since it describes the future. New Rules for the New Economy wired.com Also, when you said IMO 'they' do not yet understand the magnitude of tech/web growth , I think you clearly identified a scenario where we are just at the beginning and many have no clue about path forward. I imagine some analysts are still using sliderules!! This is based on some of their prognostications. With the wealth of knowledge available (a lot it free too), there isn't much excuse anymore for being uninformed. Plus, as you duly noted, their job is to favor/disfavor equities which cause churning, therefore profit for brokers. But this is changing too since brokerage fees via on-line trading leave little to be gained from churning, and the on-line trader has immensely more information available from which to make an educated decision. Given all these wonderful new world opportunities, I wonder why I'm still holding CAT! <VVBG> Must be a throwback to the days when it was really neat to see the big tractors and bulldozers moving earth to build new highways. <VBG> Otherwise known as slow to catch on. Have fun in Austin Lee

To: Sig who wrote (51427)	7/15/1998 1:02:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Sig, I think yours is a profound observation. Whenever there is a totally new way of doing things -- a major technological revolution or scientific discovery -- the financial people have no way of reckoning the potential. The funny thing is, I don't think of Dell as a technological revolution in the usual sense. The revolution really isn't all that revolutionary either! JIT manufacturing has been around (conceptually at least) for decades. It was taught at Harvard just after WWII. And BTO has been around for a long time. It's the execution that's revolutionary. While a lot of companies have talked a good game, Dell has executed. And the interesting thing here, is that the old bromide "first to market" has been replaced with "first to manufacture and market". It is this combination that creates the chasm -- the barrier to entry. Any other company wanting to emulate Dell must first take a giant step backward (eliminating its channels) before it can move forward. But most companies are myopic -- they are incapable of thinking for the long term. But Dell did just that when it eliminated its retail operations. That puts Dell in a class of its own. So, to get back to your point, Sig, when faced with a set of circumstances beyond the ken of the ordinary financial observers, the markets consistently underestimate the power of the innovation. That was clearly true of MSFT and CSCO. I think that is also true of ERP companies like PSFT, and I think that is true of DELL. TTFN, CTC

To: Sig who wrote (51427)	7/15/1998 1:47:00 PM
From: Huntress	Read Replies (1) \| Respond to of 176387

When you talk about the old school of investing, I hear so much from people who say "but Dell's PE ratio is so high" -- I think the environment for investing is radically different now and that ratio is not as essential for deciding which stocks are good buys...is this correct thinking? It has certainly been so for Dell...I don't do the stock broker bit anymore--have an advisor, but my husband and I prefer to manage it ourselves. We're happy campers with our Dell & Msoft...I have won Dell many stockholder friends, but some still offer resistance to their great regret...one bro-in-law has been stubborn to his great disadvantage! Had a long career with Allied-Signal -- did you design any of their products into your projects??