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To: Jay8088 who wrote (16442)	9/8/1998 9:14:00 PM
From: Glenn D. Rudolph	Respond to of 164684

It is a great company but also a box maker selling at unheard of 70 times earning. Once corporate buyers are satisfied, the pace can't be sustained. Jay, You are using fundamentals to base your decision that DELL will drop. I am not stating you are incorrect. However, look at AMZN with no fundamentals and the market bids it up. I suspect it will take a lot longer for the love affair with DELL to stop compared to the love affair with AMZN. Glenn

To: Jay8088 who wrote (16442)	9/9/1998 2:37:00 AM
From: craig crawford	Respond to of 164684

>> It is a great company but also a box maker selling at unheard of 70 times earning. << Who cares about trailing PE? Get with the program, that's not how growth stocks work.

To: Jay8088 who wrote (16442)	9/9/1998 5:33:00 AM
From: zax	Read Replies (1) \| Respond to of 164684

It is a great company but also a box maker selling at unheard of 70 times earning. Once corporate buyers are satisfied, the pace can't be sustained. It is a rare occurance when a capital equipment supplier is considered a blue chip growth company. I may be wrong but this feels too much like people's love affair with Micron in summer of '95. I should know. I lost my shirt (and more - like my backbone..) in that lovefest! Gives me shudder just to think about it. Yhhhhh.... I agree DELL is overvalued Jay, but the love affair of Wall Street with darling Dell is much stronger than with some companies further down the momo food chain from it. Thus, although in a turbulent market, quite possibly in the midst of a nasty correction (or market reality check), Dell could be hurt, but you just gotta give a little bit of respect for PT Barnum and allow the momos to have at least a few plays. Thus, in the current market environment, on my revised personal chain of current momo's: (AMZN -> AOL -> YAHOO/T -> DELL/PFI -> LU/CSCO -> MSFT/SGP) I would be more inclined to try to make money via short plays towards the left side, than towards the right. This chain can also be quite useful in understanding why the lower end sometimes goes up, on days when you are expecting it to go down. Comments to this very bizarre market theory (other than "you're obviously high") would be appreciated. Just MHSTEO, (My humble strange and twisted evolving opinions) Regards, -- Eric P.S. Asia and Paris markets down marginally as we speak.