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

To: Michael Bakunin who wrote (112060)	3/25/1999 2:32:00 AM
From: Alohal	Read Replies (1) \| Respond to of 176387

Accepted! I on occasion do purposely ignore some questions, trust me, yours was not among them. Clearly price is a consideration, but the bugaboo is the definition of what is too high a price. I have friends who will never pay more than 25-30/share for any stock. They have missed out on some amazing investments because they regarded them as too expensive. We have had endless discussions to little avail, and I no longer even attempt to convince them. As pertains to Dell, clearly the 50% growth is, I believe, a thing of the past, though we may still see a few y-o-y Q's with 50+% growth. But I tend to agree with those who see 35-45% growth near term (2-3 years) based on the proven ability of this management team to turn on a dime and adapt faster than any other co. in the sector, to seek out and adopt new strategies for growth, such as the server and storage markets (which are not without risk since they involve much more extensive service side than than the PC business) and this latest developing relationship with IBM. I have my own ideas about what may happen with this, but I have faith that Michael Dell and his team will work this to Dell's greatest advantage and to make the most of the very powerful potential synergies in whatever deal they make. For these reasons, and some other's which I'm a little to tired to go into here, I believe Dell does deserve a very high multiple to earnings. I strongly disagree that Dell is overvalued at its current price, even in the face of decreasing margins in PC's. Dell is being positioned to be much much more than a box maker, but that's JMO. Yes, time will tell and I believe that for those who invest in this company it will tell a very rich story indeed. Good luck and aloha.