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

To: BGR who wrote (80089)	11/13/1998 7:36:00 PM
From: larry	Read Replies (1) \| Respond to of 176387

The first call only predicts a 36% earning increase for earning next year. I would be very much impressed if DELL were able to beat that number by 10%, which should give DELL a 47% earning increase in FY 2000. 47% is indeed slower compared with what DELL was able to achieve in the past years and will investors, mainly the street, so eagerly award DELL a PE multiple in the high 60s or 70s? I think that it all depends on the global market. I read someone mentioning that DELL traditionally trade at around PE 70. Long term DELL investors know that this is pure bullshit and it was not since the mid of this year that DELL ran PE into current level. When the game is played in the street, they run your number up expecting that you beat whisper number besides showing healthy top and bottom line growth. DELL failed to deliver and it did not live up to the advanced billing, and is getting punished by the street. DELL will be back, but the street will be more cautious next time around after it gets burnt this time. L!