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

To: OLDTRADER who wrote (104417)	2/24/1999 8:58:00 AM
From: Mark Peterson CPA	Read Replies (2) \| Respond to of 176387

There's no better forum than this thread to share this information. FORBES March 8, 1999 Page 53 DELL Comjputers spectacular rise from a split-adjusted $8 a share to $88 in the past two years has made more than a few millionaires, or "Dellionaires," as they are sometimes called. Besides founder Michael Dell, whose 14% state is worth $16.7 billion, it's hard to say just how many Dellionaires there are. But one of the biggest is La Jolla, Calif. stockbroker William B. Michaels. Michaels, 67, says he turned a $2.75 million stake into $49 million worth of Dell stock over the past two years by using options, leverage, and a lot of guts. "If you want to arrest me for portfolio concentration, come and get me," says the Oklahoma native, an unrepentant practitioner of the win-big, lose-big school of investing. Michaels and his wife control some 550,000 Dell shares purchased with a staggering $20 million in margin debt. Michaels admits the bet looks foolhardy to some. Even brokerage executives have tried to talk him into selling. But like a lot of Dell fanatics, Michaels believes the PC maker has only begun to grow and will increase sales 45% to $26 billion this year. "You don't look at price/earnings multiples," he says. "You look at what the future income stream is going to be. Then you take everything you've got, leverage it up your you-know-what, mortgage your dog, your wife, your house, put it all in Dell stock and sit down and relax." Relax? What a great job, William. Thanks for sharing your insight with other William Michael wannabees. Best regards, Mark A. Peterson

To: OLDTRADER who wrote (104417)	2/24/1999 9:05:00 AM
From: Dorine Essey	Read Replies (2) \| Respond to of 176387

William, I read the article that was in Forbes Magazine . Congratulations!!!!! VBG Of course, those of us loyalists already knew about you . It is indeed a pleasure knowing you even if it is only on the DELL thread. Will you be going to the Stock holders meeting in JULY? Dorine