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

To: Mohan Marette who wrote (79391)	11/12/1998 8:24:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 176388

Mohan, what you point out is extremely important. This illustrates exactly what I am trying to say, It will keep going down and down and lot of human overhead is going to be replaced servers etc. Voltaire

To: Mohan Marette who wrote (79391)	11/12/1998 8:26:00 PM
From: Byron Xiao	Read Replies (2) \| Respond to of 176388

I feel that DELL has ran up too much during the last couple weeks. Base on the analyst estimate for earning this year: $1.04/share, yesterday all time high of 73.5 would yield a PE of 71. That's too high. They beat the estimate by 1cent this quarter. Base on history, they generally beat estimate by 1 or 2 cents. If we assume they continue this trend through the rest of the year, and their actual earning is 1.10/share for this year, with the current 55% earning growth for this quarter, the fair share value should be: 55 x 1.10 = $60.50. So even at $66, I still think DELL is over value. Personally, I wouldn't buy until it drops to about 55 (hoping that FED won't reduce interest rate next week and create another market panic to drop DELL's price to that level.) Basically, what I got out of today's earning report is more assurance that the company is going in the right direction, especially continuing the policy of not acquiring another company to help the growth. My average purchase price on this stock is about 38. I feel that with the possibility of FED not reducing interest rates, and with the year end tax sell-off in December, we might be able to get DELL at a bargain price, which to me is 50-55.