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

To: W.B. Michaels who wrote (73121)	10/20/1998 3:47:00 PM
From: paru	Respond to of 176387

Can you elaborate a bit about the piper-jaffrey comments? Their analyst Ashok Kumar was very bullish on dell(till recently, anyway). thanks paru

To: W.B. Michaels who wrote (73121)	10/20/1998 3:54:00 PM
From: JRI	Respond to of 176387

W.B. Michaels, Sonki....Where are comments "negative comments" by Piper Jaffrey...I dont see any....

To: W.B. Michaels who wrote (73121)	10/20/1998 7:02:00 PM
From: stock bull	Read Replies (2) \| Respond to of 176387

W.B. Michaels & ALL: Here's what happened today. Got this news release from my broker: Dell Computer Corp (DELL) Oct 20, 1998 18:05 ET Dell says computer demand is strong ROUND ROCK, Texas, Oct 20 (Reuters) - Demand for personal computers is strong and is expected to stay that way, a Dell Computer Corp. spokesman said Tuesday. "The environment is the same as the one we characterized at our analyst meeting (on Sept. 25) -- industry demand is solid and we expect it will continue that way into the foreseeable future," Dell spokesman T.R. Reed told Reuters. He said the company sees industry-wide demand growing around 15 percent annually in the coming years, with Dell growing faster because of its direct sales model. Dell shares fell 3 15/16 to 53 5/16 on Tuesday, apparently on rumors that an analyst at Piper Jaffray had downgraded Dell stock. Reed said the company knew of neither a reason for the decline nor a change in any analyst's recommendation. A spokesman at Piper Jaffray said the ratings and earnings estimates for Dell were unchanged, but that there were signs of weaknesses in technology spending. I placed the bold emphasis on the word "rumor". IMO, here's a good example of how MM's can drive down a stocks price, and then buy in at the lower price. Just start a rumor. Any comments? Stock Bull PS: CNBC reported that Dell was up 1 11/16 in after hours trading. Can anyone confirm?