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

To: Chuzzlewit who wrote (66649)	9/22/1998 1:07:00 PM
From: Lee	Read Replies (2) \| Respond to of 176387

Chuzz,..Re:This is an example of fear beyond reason. For those who are challenged by words and descriptions, maybe a picture would help. Dorrine posted a really nice picture this morning showing past and estimated future earnings. As is apparent in the picture, Dell exceeds consensus estimates. nasdaq.com Re: Put another way, if the 30 year bond has a P/E of 20, then the stock market needs to have a P/E well in excess of 20. This seems to be the most misunderstood concept floating around today. Everybody parrots the common line that S&P values are excessive; however, it is never repeated in the context of current rates and inflation, only according to historical norms. Probably the worst assumptions made are the assumptions that Dell won't grow market share, that the Dell model can be readily emulated, that new markets aren't opening up, and that Dell can't evolve it's business into concurrent parallel technical pursuits. Just my 2 cents. Best, Lee

To: Chuzzlewit who wrote (66649)	9/22/1998 1:08:00 PM
From: jhg_in_kc	Respond to of 176387

Chuzzlewit, thanks for the rebuttal to my tormentor. I feel better already. I will forward it to him to see how he reacts. You are a wonderful cat to have around. jhg

To: Chuzzlewit who wrote (66649)	9/22/1998 2:59:00 PM
From: TigerPaw	Respond to of 176387

The historical average is ... I do think there is some truth to the new paridigm idea about the current economy. I've been aware of the economy since the late 1960's which is not that long a time frame. Throughout that time the economy has been based on government borrowing and spending until the last five years or so. Now it seems to be based on full employment in the private sector. To top it off we are still in the midst of the electronic revolution, as big an event as the age of steam. It won't last forever but there is no indication that the synergy of ideas leading to new industries and opportunities has reached it's peak, much less its end. The last great boom I saw in Austin consisted of buying and selling the same piece of land over and over for higher prices. This was coupled with new strip malls and ever more expensive housing which was not any better built. The house of cards just got higher until finally there was no one left to buy, and the current owners didn't really want to do anything with the land except sell it again. It's no suprize that it all just got dumped onto the banking system. In the current boom there is widespread activity which is building up an electronic infrastructure that people actually seem to want and use. There is the same kind of retail and service industry as before but now there is something tangible upon which to base it. The economy should remain sound until the infrastructure is complete and then may well coast along for awhile even if there are no new ideas. TP