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

To: jim kelley who wrote (103598)	2/22/1999 1:12:00 AM
From: Ken Katz	Read Replies (1) \| Respond to of 176387

I am getting very concern looking at Japanese stockmarket. 10 years of straight decline -- not very optimistic pattern for the long-term guaranteed growth theories. What if the US stockmarket is at the beginning of such development? We are not talking 1930s -- it's happening right now with the second largest stockmarket in the world.

To: jim kelley who wrote (103598)	2/22/1999 11:12:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 176387

Jim, I think we have to expect the better cos. to outperform the rest of the industry. But even they are seeing slowdowns in growth rates and Compaq's extra two weeks of channel stuff (which they admit to) and big receivables dumps by Dell, IBM and Compaq sure cloud the #s. Hewlett's pc sales were down, though the servers did well. IBM had down pc revenues, though that is a tough number to drag out of their confusion. Packard-Bell was solidly negative. Gateway's revenue growth for the 4th quarter was the second slowest rate ever and 10% below year before numbers. And the rest of the market is eating dirt. True, Exxon does better than Pogo during a cyclical decline. But we don't see anyone paying 79 times eps for Exxon during the oil downturn. BTW, in no way do I believe Compaq's service numbers. Sharp pencil accounting for services is the last refuge of former growth stock scoundrels. So far, CPQ's are not as big a joke as IBM's, but quality earnings they are not. MB MB