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

To: tsyl who wrote (57205)	8/9/1998 10:29:00 AM
From: DoggieDude	Read Replies (2) \| Respond to of 176387

To All: Part of an article in the Aug. 1998 issue of Money Magazine. "This May, stock picker Glenn Bickerstaff moved from TransAmerica, where he had managed institutional accounts and the chart-topping TransAmerica Premier Equity Fund, to the investment firm TCW in Los Angeles. But he hasn't changed his style; he still favors high quality companies with strong projected earnings growth. His current favorite is Dell Computer. Despite the company's roaring 212% rise over the past year, Bickerstaff thinks Dell still has more to deliver. "Dell doesn't have a substantial competitor in direct selling." he says. "And no one matches the computer company's low distribution coasts and strong inventory controls." Rival Gateway focuses on retail customers, rather than the corporate and government markets that account for 90% of Dell's revenues, BIckerstaff explains, and Compaq has only recently launched a direct-order operation. Meanwhile, Dell is carving out new markets. Last fall, for example, the company began selling from its Internet site; that effort now brings in more than $5 Million a day {I know we've been told $6 million } That's one reason Bickerstaff predicts annual earnings growth of 30% or better over the next few years" Not part of the article Since Dell has 90% of sales coming from business & government it seams apparent to me that the biggest growth for the coming year is going to be from the home user market. This can be exemplified by Dell's recent push for the Back To School market. Anyway you slice it, Dell keeps getting bigger & keeps pushing into more market niches. When you add on the foreign market expansions Dell's future looks even brighter. For the time being there is NO foreseeable blockades to Dell's growth possibilities :-) I'm still going with 128 by earnings.

To: tsyl who wrote (57205)	8/9/1998 5:50:00 PM
From: jhg_in_kc	Read Replies (2) \| Respond to of 176387

my view is dell 120 to 124 on earnings day, 135 to 140 by end of August. Earnings at $.51, beating whisper number, 2 for 1 split announcement. I also believe after splitting 2 for 1, the new shares will be near 100 by year's end. I base this on past performance and a presumption Dell will do as well in the remainder of this year, no better, just as well. I have a gut feeling it may do better. But I also have a feeling the market may be nasty in October, and this will have a negative impact on the price of Dell. Dell has been doubling about every 8 months in the last two years since August 1996. (If I am incorrect on this doubling rate, I'd like to know what the exact rate is if someone has that at his fingertips.) But I do think this is faster than Kemble's conservative figures of a double once a year. best wishes to all jhg