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To: put2rich who wrote (2848)	1/31/1999 11:12:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Both DELL and CMGI are leaders in their respective fields. If you are willing to see them drop 30 - 50% in a pullback, they are probably good long-term investments. I would own a piece of DELL if I had a larger portfolio which could hold more core positions. I would also add CSCO and MSFT to my existing core of BRKB, WCOM and CMGI. When you buy CMGI and DELL, you aren't buying their current product as much as their management's track record in the past. Yes, I think CMGI will continue to buy companies for .69 and sell them for $100 eventually. Not often, but enough to make them a good investment. And don't forget that if CMGI sold its new stake in YHOO from the GCTY buyout they would have almost a BILLION dollars in cash and very little debt. The balance sheet alone is worth taking a closer look at. The PC glut seems to be over and no one executes in that field like DELL. They were a better buy at 70 than 100, but if your horizon is long term I don't see where you can go wrong. I was in Austin a few weeks ago and saw Michael Dell's mansion on a hilltop i the distance. That man has made a lot of money selling PC's the Dell way. I don't see him getting it wrong in the future.