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

To: Miguel Octavio who wrote (62728)	8/31/1998 10:48:00 PM
From: Mohan Marette	Respond to of 176387

Miguel yes once. Has there ever been a bear market while interest rates were dropping? Don't recall the exact year but it did happen once many moons ago,but under different set of circumstances which I also don't recall,I know that is not a big help but that is all I know. Can DELL P/E go to 20? Probable yes but Not when Dell is growing 3 to 5 times the market like they are doing now. When the market drops like this, should one buy weak stocks or DELL, CSCO, MSFT, WPI, WLA, EMC,LLY,LU,CSC? I don't know, but if I were to buy I will buy the best companies in the industry not the weak ones for obvious reasons.

To: Miguel Octavio who wrote (62728)	9/1/1998 1:09:00 AM
From: JRI	Respond to of 176387

Miguel-Allow me to interrupt.... The best (recent) example would be Japan 1990-present....They lowered (what I believe is the equilivent to the U.S. Fed Funds rate) from around 5.5% in 1990 (when the market was still above 30,000, I believe) to 0.5% today....below 14,000... Also, after raising rates early on, rates were lowered in 1930/31 in the United States....too little, too late...global asset deflation was already out-of-control... In buying stocks, my opinion is that you should stick with the impeccable companies....ones that have proven fantastic earnings, and are expected to continue (also, those companies that should not be affected too much by the world's current troubles)....ie. Dell, Cisco, some of the ERP software players are looking good (Peoplesoft, SAP)....I would be wary of big name U.S multinationals with huge foreign (non-European) exposure....the Coca-Cola, Gillettes...companies that rely on emerging markets for big-time growth...Just an opinion...One thing's for sure, everything is a lot cheaper now than a couple days ago... I think sometime soon, the Venezuelan market (and some other Latin markets, like Brazil) could be interesting......I think another few months is needed, but they have been so beaten up, I know there are some quality names for sale....infrastructure plays or standards like (beer) brewing companies, etc.....For example, just a couple months ago, U.S. telecom giants bidding for Telebras were willing to pay around $250 for the company........now it is trading around $75 (last I checked)........from everything I heard and read (and conversations with my Brazilian friends) selling phones/phone equipment is going to be a huge business in the coming years...Apparantly, the U.S. telcos bidding on Telebras thought so as well.... If they could only privatize CANTV, or (whatever the name of the Venezuelan phone company is)...Using a public phone in Caracas, I've never been so pissed in my life... :)