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To: re3 who wrote (20047)2/17/1999 12:50:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
nope, DELL is held up by a two legged stool... growth and low interest rates to give it a large multiple.

the growth leg is showing cracks and the interest rate leg will be snapped soon. (should start tomoorrow)

the stool is head for the floor. DELL sells a commodity w/ no barriers to entry and has a business model that is built to do well during falling component prices. That is about to change IMO.