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

To: Mohan Marette who wrote (98520)	2/12/1999 11:05:00 PM
From: kendall harmon	Read Replies (1) \| Respond to of 176387

Positive Comments from Merrill Lynch today (which went unreported by CNBC): ANALYST ALERT: DELL DELL shares are weak today primarily due a competitors statement thatDELL's revenues will be light for the quarter, specifically $5.2bil vs.$5.5bil, due to a slower corporate market and pricing pressure from IBMresulting in lower average selling prices (ASP's). We think our $5.6bil revenue forecast for 4Q may be a bit high butmaintain our $0.32 EPS estimate vs. consensus' of $0.31. We do believe thecompany's revenues for the quarter will exceed $5.2bil. The corporate PC market is not as robust as the consumer market and DELL does not get a high percentage of its revenues from the consumer market asCompaq (CPQ; $42 5/8; B-3-1-7). We believe DELL is gaining a significant amount of market share in the corporate market. We expect revenue growth to slow over time; from 50% in 99 to roughly 37-40% in 00. We maintain our intermediate term Accumulate, long term Buy rating andwould particularly use the weakness as a buying opportunity. Merrill.

To: Mohan Marette who wrote (98520)	2/12/1999 11:06:00 PM
From: Yo Eleven	Read Replies (2) \| Respond to of 176387

Looks like a battle going on between Niles and Kwatinetz from CS First Boston. <<BancBoston Robertson Stephens said it expects Dell Computer (DELL) to report lighter revenue of $5.2 billion, down from earlier estimates of $5.5 billion. See full story. Shares of Dell slipped 12 to 87 7/8. "Though we believe that Dell's business model is still the best in the industry, we believe that growth is slowing for Dell given flattening component costs and increased direct competition," analyst Daniel Niles said in a research note. Niles, who left his rating on Dell at a "market perform," see shares falling to 80. Meanwhile, CS First Boston Mike Kwatinetz, who has a "strong buy" ranking on the computer maker, said in a research note that Dell is on track to report $5.4 billion in sales. Dell is slated to report fourth-quarter results after the market closes Tuesday.>> cbs.marketwatch.com

To: Mohan Marette who wrote (98520)	2/12/1999 11:20:00 PM
From: D. Swiss	Respond to of 176387

Mohan, the story continues: growth at 4x the industry average, the best management team in the industry (with significant depth), expansion into high margin businesses, expansion into markets that have tremendous growth opportunities (Asia, Latin America and Europe), dedication to providing unparalleled customer service, delivering product at the lowest possible cost, managing assets (inventory and accounts receivable) at the most efficient levels and delivering the best shareholder value, flawless execution in most things they do and 200%+ return on invested capital per year. :o) Drew

To: Mohan Marette who wrote (98520)	2/13/1999 1:13:00 AM
From: Jock Hutchinson	Read Replies (8) \| Respond to of 176387

Dell is poised to tank big time. Think about it. 17 percent growth in unit sales does not mean a corresponding growth in revenue. To the contrary, a seventeen percent growth in unit sales will begin to mean zero growth in revenue. Moreover, with zero growth in revenue, the margins begin to dramatically sink. Let's face it, Dell is a commodity procuct selling at seven times sales. That's goofy with its newfound lower rates of growth. Do you honestly think that Dan Niles has the kind of power to move a monster like Dell down 12 points in one day? Dream on. There is some serious smart money moving out of Dell. I also want to make it clear that I am not a big Dan Niles fan. My favorite Dan Niles quote is from September of '95 when he set a price target on MU of 125 for the end of '95, stating that he could not emphasize his buy recommendation strongly enough. By the end of the year, the stock was priced at 35. What an idiot! Nevertheless, you have a potential for disaster here in Dell. Declining margins. Declining sequential growth for the company. Increased Internet competition. Declining Industry growth. And a stock that is grossly overvalued. Can you say '70s by the end of the week? I can. I went short at the open on Friday--for the first time ever on Dell. The lights are out and the party is over.