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

To: TREND1 who wrote (101509)	2/17/1999 3:05:00 AM
From: Russ Motter	Respond to of 176387

Hal~So are you expecting downgrades on the 11 Strong Buys? The BARS analyst was very accurate in his $300 Million revenue shortfall estimate and they wouldn't be splitting here unless the slowdown has started, a defensive move?

To: TREND1 who wrote (101509)	2/17/1999 11:51:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Is this too simple? Yes and no. You are assuming all other things being equal, but clearly they are not. For example interest rates have decreased and the S&P multiple has increased substantially, both of which would move valuations higher. Then, there are business-specific issues, such as aggressive moves in China and Brazil, and expansion of Dell's high-end enterprise offerings. Since markets are foreward-looking, these would tend to increase valuations. On the negative side we have seen slowing revenue growth throughout the year (not just this quarter). The markets are reacting today as if this had not been anticipated. TTFN, CTC