Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (22762)	2/17/1999 6:41:00 PM
From: DownSouth	Respond to of 77397

OT DELL ** I agree that the conf call was positive. The problem is that Dell has had such a high PE and driven by momentum investors, it's price was fragile. Many have recently argued that the old ways of measuring a stock's value relative to its price are outdated. That PE is meaningless, etc. Dell's fall from grace, though perhaps temporary, is an illustration that the "old ways" are still meaningful. Just because a stock is performing a lofty valuations because of incredible performance, does not mean that it will stay there. Dell IS vulnerable in the short term to competition. It does not deserve a lofty price, though its relative price due to profitability and growth should be above that of CPQ, for example. IMHO, of course.