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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (48298)	2/22/1999 3:28:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Money for Nothing. mises.org

To: yard_man who wrote (48298)	2/22/1999 3:29:00 PM
From: Eggolas Moria	Respond to of 132070

DELL is the quintessential bull/bear stock. For another view: Even a company like Dell Computer (DELL) is no bargain after its recent slide. Here's a very efficient company that's wonderful at what it does. But 75 times 1999 earnings for an assembler of capital goods -- that's excessive. Capital goods aren't perishables like toothpaste or soda that get used up quickly. Computers last for a while. At some point the relative desire to own a new one goes down. While some people may want to be cutting edge and upgrade their 300 MHz PC to 350 or 400, there are plenty of others who use their computer just for word processing. Dell's built a better mousetrap, but to pay 75 times earnings for an assembler, even if it's the best one out there, just doesn't make sense. Who's to say Dell can stay the best? At some point the growth curve in the PC business will slow down, and when it does, it could get ugly. At least Microsoft (MSFT) and Intel (INTC) make proprietary products that can't be copied easily. But even there you have to ask if you own Windows 98, do you really need Windows 99 or 2000? The sad thing is this growth/value disparity has become a self-fulfilling prophecy. As value managers sell to meet redemptions in their funds, prices go even lower. It's a serious problem. On the flip side, it doesn't take a rocket scientist to figure out what the top 10 holdings are at most of today's best-performing mutual funds Smartmoney portfolio page - smartmoney.com

To: yard_man who wrote (48298)	2/22/1999 3:42:00 PM
From: JRI	Read Replies (1) \| Respond to of 132070

tippet...I am not taking this thing seriously, so no worries...didn't mean the "sucker punch"..... I did not post to you to start some extended debate..just to answer you Acampora "ho ho ho" post (look, let's face it, for every Acampora there is a Biggs...both who have alternatively looked smart and foolish at times)...mostly foolish..... You best chance to unload your May 70's will come in the next two weeks..Dell's typical run-to-earnings trading program will not be breeched...too easy money for traders......and the bar is set even lower this quarter (for success)..you honestly believe their y-o-y rev. is going to be 38% next quarter (again)...Try 45%...and, because of the reversal (of the seasonally effect that so many bears refuse to recognize in 4Q's data)...IDC's numbers are going to show enormous market share gains for Dell in the coming Q1......these numbers will be coming out in late April...you won't want to be holding your puts at that time.... You would have been better off waiting one more quarter with your strategy....Regardless, good luck....no further interest on my end here..... BTW- When Greenspan reiterates the Goldilocks scenario, all longs benefit...so I'd say that is very relevant to Dell...