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

To: JRI who wrote (94002)	2/2/1999 12:33:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Microsoft's Gates Says Europe Hasn't Closed Technology Gap Yet John: I think the weakness in technology stock today has a lot to do with Bill Gates' comment the other day about the stock valuation of tech sector and less to do with Kumar,at least this according an article in Bloomberg.I wish he minds his damn business instead of commenting on the stock market and valuations. Now here is another comment by Gates about the state of affairs of technology in Europe. I see they need more computers....come you Europeans get with it willya? ========================= Microsoft's Gates Says Europe Hasn't Closed Technology Gap Yet Paris, Feb. 2 (Bloomberg) -- Microsoft Corp. Chairman Bill Gates said Europe still has to work at closing its technology gap with the U.S., even though personal computers and the Internet have become more and more a part of daily life. ''People still need to have a scrappy attitude about pushing forward,'' the chairman of the world's No. 1 software maker said at the FIHT technology conference in Paris. ''I wouldn't say the gap is closed. This is no time to slack off.'' Lower personal computer prices and telephone deregulation have driven PC sales and Internet use in Europe. Still Europe lags the U.S., where soon half of all households will have PCs. At the end of last year, 23 percent of French households had computers, compared with 26 percent in the U.K. and 35 percent in Germany, according to market researcher Gfk France. While European governments have come a long way in making computer literacy and Internet awareness a key part of public policy and education, Gates said Europeans were still behind Americans, who almost take the Internet for granted because it's such an integral part of life. On the subject of Internet-related businesses, he said, ''Some of these companies won't make it.'' He declined to comment on market valuations of Internet companies. ''Who am I to say that share prices are going to go down when I didn't think they'd go up'' in the first place, he said, adding he much preferred talking about software. Eric Benhamou, chief executive of 3Com Corp., the No. 2 computer-networking company, told the conference he expected Internet stocks to merge with each other to be able to drive earnings growth and merit their market capitalization. Having a high valuation is a ''blessing and a curse,'' he said. ''We expect many of these companies to combine -- combine their brands, their reach, their databases -- so that a few will become winners.'' Other speakers at the conference included Michel Bon, chief executive of France Telecom SA, Guy de Panafieu, chief executive of Bull SA, and Eckhard Pfeiffer, chief executive of Compaq Computer Corp.

To: JRI who wrote (94002)	2/2/1999 2:47:00 PM
From: kemble s. matter	Respond to of 176387

John, Hi!!! RE: You really gonna shine here if you are right about data storage...It looks like data storage is not even a concept for Kumar (and the other analysts)... Stole this quote from your discussion with Jim Kelly....I would like to add that Robert Williams who orchestrated the briefing after the tour of Metric gave me one gorgeous smile when I asked him about the delivery of Dell's new entry into Data Storage....and, I might add you know of what I thought of the new server facility that dwarfed Metric...I believe you have it correct with the turn to servers in the last qt. and into this qt...I too am anxiously awaiting the outcome...perhaps if Kumar saw what we did...he'd not talk that way without considering all of Dell's possible reasons for continuing the earnings growth..."AND WE WILL CHOOSE THE OPPORTUNITIES THAT BENEFIT OUR SHAREHOLDERS THE MOST..." Best, Kemble