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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (18494)	3/22/1999 2:14:00 PM
From: LindyBill	Respond to of 74651

Can't quite understand why the street is so harsh on Dell in the last few weeks. Because the street believes that "the days of wine and roses" are over Jill, and so do I. You and I made a lot of money off it and loved it. But don't be sentimental! It is time to leave it and move on.

To: Jill who wrote (18494)	3/22/1999 2:25:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

--OT-- Jill N., regarding DELL and the Street: One thing everyone has to keep in mind is that the Street (specifically, the big analysts) don't like to be made to look bad. More to the point, they hate it and they don't forgive and forget easily. DELL simply screwed up last Q by not guiding analysts expectations downward on the revenue front. Mr. Dell has even stated that he underestimated the importance that the street gave to DELL not making their revenue number when they were on target for EPS. Take a look at Micron Electronics. This stock was in the tank for many a months until recently (last Fall) when Mr. Kocher started to come out and provide positive guidance as to where the company was strategically headed. He gave the Street the "warm fuzzies". Soon after these comments from the Micron Electronics CEO their stock started to rebound -- it scooted right up to 25 from 15. Unfortunately for their shareholders, however, on March 1st, Micron preannounces and expected earnings shortfall and their stock got sliced in half. For this reason I will never own Micron stock. They were given a second chance to execute, they got the Street on board, then go ahead and blow it five months later. The Street does not forget, and I expect it will take Micron a very long time to work its way out of this one, REGARDLESS OF COMPANY PERFORMANCE. Remember, Micron is the number three direct PC seller. DELL will be given another chance because, frankly, they deserve it and have earned that right. But analysts who were burned are going to want to see a "show me" Quarter (or two, for some) before they come back and start singing DELL's praises. And if DELL can demonstrate performance and help make the Street look good, the analysts will come back in droves. But this is at least three months away. It's just the way the game is played... Teflon