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

To: Lee Martin who wrote (94619)	2/4/1999 2:32:00 AM
From: dav	Read Replies (2) \| Respond to of 176387

Biggs predicts a correction Morgan Stanley Asset Mgt. chair says market will finish year down 5-10% February 3, 1999: 8:02 p.m. ET NEW YORK (CNNfn) - A noted market strategist said Wednesday he expects a significant correction on Wall Street at some point in 1999. Barton Biggs, chairman of Morgan Stanley Asset Management, told the Moneyline News Hour with Lou Dobbs that history indicates the stock market will likely experience a 20- to 30-percent correction sometime this year. "We've lived in a paradise for a number of years," Biggs said. "In this century, we've had at least a 20-percent correction every three years. We had a 20-percent correction last year, but that was after about seven years." Biggs also predicted that the market will likely finish the year down between 5 and 10 percent, though he wouldn't speculate on what factors would initiate the decline. Biggs also counseled investors in how to handle a future market downturn. "If you're a long-term taxable investor, you should ride it out," he said. "If you're not, you should take some cash." home \| investing \| quicken.com on fn \| contents \| search \| stock quotes \| help Copyright © 1999 CNN America, Inc. ALL RIGHTS RESERVED.

To: Lee Martin who wrote (94619)	2/4/1999 2:56:00 AM
From: Sig	Read Replies (1) \| Respond to of 176387

<<<After seeing this scenario played like a broken record over the last year or so, I'm going to have to see DELL hold onto its gains after earnings for at least a couple of Q's before I'll hold the stock after the earnings date. Again I love the stock, but it just pains me to see how the momentum players treat this great co.>>> I think you presented a pretty clear picture of what went wrong last earnings time. I am a bit more optimistic for this year tho. I've talked to several people off site, and most ask me- will Dell split ? . Having split twice in one year, I believe too many, perhaps including Dell employees who are now stockholders, are expecting it to happen again. But MM's who jumped on the stock last time for a quick buck may be ( or should be) just a bit leery I am expecting that the future for Dell presented at earnings time will be so bright that it will overcome the lack of a split and we won't get much drop-off. For the year , Dells solid fundamental growth will confirm it as the stock of the decade. I think MD will enjoy that, and I think he will polish this year off with at least one split. 1. The sad performance of many Dow stocks will keep money flowing into the techs, looking for earnings. Who has earnings? 2. Activation of the new Dell production facilities, plus increased use of the Internet( the latest figure is $12mm/day) will provide positive news throughout the year. 3. With the yr2k to be taken care of, sales should be expected to progress even faster. Looking back at the Phase 1,2,3 chart presented at the July 1997 shareholders meeting, (underestimates, in hindsight) Dell is not even half way "there" yet. Phase 4 should be coming up soon- going into hyperdrive. , China- Brazil- India- all new worlds to conquer. How do you like Dells performance so far this year??? Regards Sig