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

To: Jim Patterson who wrote (52763)	7/21/1998 9:42:00 AM
From: Maxer	Read Replies (1) \| Respond to of 176387

>>>> DELL is a commodity maker.... and have developed a unique way of distributing those commodities that they assemble. The big But is, Part assemblers should not trade at 75 times earnings no mater how incredible their growth is.>>>> I think when you are buying into Dell, you are buying into some great business innovation and vision. Michael Dell could make billions selling donuts.

To: Jim Patterson who wrote (52763)	7/21/1998 10:57:00 AM
From: Tumbleweed	Read Replies (1) \| Respond to of 176387

Re Price/Earnings for assemblers The big But is, Part assemblers should not trade at 75 times earnings no matter how incredible their growth is. Really? What, you mean there is a rule somewhere that states what the number should be? So, just out of interest, do you propose a scale of PE's for different types of companies? Perhaps you'd like to publish it for us, I'm sure we'd be interested! JoeC

To: Jim Patterson who wrote (52763)	7/21/1998 11:08:00 AM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

Leave it to a gloomy guy to completely misinterpret what is being said. Aside from your questionable use of the word commodity as if its a pejorative, where was it written that: Part assemblers should not trade at 75 times earnings no mater how incredible their growth is. Really? Is this the eleventh commandment, or perhaps a missing statement in the Sermon on the Mount? The fact is that Dell's incredibly efficient business model is easily adapted to many other products. The fact is that their distribution model precludes easy imitation by existing competitors. These are the items that simultaneously create hypergrowth and shield the company from successful imitation. Jim, the fact that you completely misunderstand the potency of this combination explains why you continue to be mystified by Dell. That's why you went long in Dell for a few days and got out, while I and others long term holders are looking at an annual appreciation rate in excess of 200% per annum. As they say, "Wake up and smell the coffee". TTFN, CTC (on his third cup of the day)

To: Jim Patterson who wrote (52763)	7/21/1998 12:58:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 176387

JIm, Chuzz, has defined what he means by "Commodity" vis a vis DELL. Now it's your turn if you wish. I am trying to understand this word being bandied about in an insulting way it in relation to corporate products. How can products be commodities in the true sense of the word. Oil, orange juice, pork bellies, these are commodities. What makes a finished product a commodity instead of a product? its hot out here in Kansas CIty. I seek light not more heat. jhginkc