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

To: Kayaker who wrote (104757)	2/25/1999 12:15:00 AM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 176387

Not true Bob. I was a big fan of DELL as early as mid '95. I made a ton of money on DELL, and I sold my position at a multi split adjusted 60 and change. I first shorted the stock on the opening day of Dan Niles call. It was too precise not to have been bolstered by some inside info--in my opinion. I never had a lot of respect for Dan Niles, but lately he has been very very prescient in his calls. And I have never said that DELL is not a great company. It is. But DELL has had a Goldilock's existence for the past three and one half years, and I feel that many factors are about to change--all of which I have listed in previous posts. These include less Y2K buying, increased competition, decreased margins, decreased revenue and profit growth , a PE that is too high relative to its forward looking profit and revenue growth, increasing component costs that will drive down profits quicker than its competitors because of the DELL business model, and new product introduction costs. In short, there are many factors, which suggest that its current valuation is simply not sustainable going forward. As far as golf is concerned. You are absolutely right. As far as other "fine folks" are concerned, I have found many of the posts by bulls here to have been very enlightening over the years, but I am beginning to see a cheerleading quality to the same posts that used to be much more solid in their reasoning. That's another tip that the party is over on the Good Ship Dell. Good luck in your investments.

To: Kayaker who wrote (104757)	2/25/1999 1:29:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Bob, I think its time to be fair to Jock. He and I have had a spirited debate on the issue of Dell's seasonality. And do you know that he was the only person who started out with a bearish point of view on the stock who admitted he was in error when he saw the data? And the admission was not a grudgingly extracted one. It was open and said basically, "you are right. I was wrong. Let's move on". I respect Jock for that. That is more than I ever got from Burke's minions who continued to obfuscate issues I have found Jock to be an extremely open minded individual with keen analytical skills. I welcome his disagreements because they are not only well thought out, but his ego isn't on the line if he is in error. How many bulls can say the same? And the fact is that Voltaire has been less than forthcoming. If you recall he criticized Dell for not dishonestly portraying is operating results the quarter before last. He published a series of "Micahel Dell blew it" posts. More recently, while he was touting the stock and encouraging rabid buying by people on this thread right into the last earnings announcement he was busy selling. This same Voltaire claimed I was doing the thread a disservice by my critical analysis of Dell. Voltaire has opened himself up for severe criticism. He claims supernatural visions guiding his investment decisions, but when those visions don't pan out he claims "MM manipulation" and "headfakes". Never mind the fact that I have repeatedly challenged him on these facile explanations. And that he responds with lame excuses such as my naivete prevents me from seeing the obvious. I can't help but wonder how many people on this thread may have been hurt by following his advice. TTFN, CTC