"Is all well in PC land?" and "Is Dell cheap at this price (35 or so)?"
Well, one analyst has the solution to Dell's stock price "woes", if it can be called that. Just spin off their internet division as an indie, then in the ripeness of time (just a few months, probably), have it buy back their erstwhile parent company!
I just had to post this remarkable article, which I know we've all been waiting for with baited breath:
A Leading Canadian Internet Analyst
Reveals Favorite Stocks: eBay,
Amazon.com, Dell, Toronto-Dominion
Bank, Nokia, Microforum, Rowe.com;
Questions Bid.Com, American Gem and Research in
Motion; Says Internet Valuations to Grow Another
1300% Over Next 10 Years
SARASOTA, Fla., April 20 /PRNewswire/ -- In Tuesday's featured
StockHouse interview, one of Canada's Leading Internet Analysts, Adam Adamou, counted two of the
usual Internet favorites, Amazon.com (Nasdaq: AMZN - news) and eBay (Nasdaq: EBAY - news), among
his favorite basket of Internet stocks, but surprisingly added three others, which aren't normal Internet
picks, and named three relatively unknown Internet companies in his hopper of favorite Internet picks.
Adam Adamou, bullish on Dell Computer (Nasdaq: DELL - news), ''I think Dell is one of the best
Internet companies out there that nobody treats as an Internet company. They sell $14 million bucks a
day on the Internet. If Dell were to sell out their Internet division, it would probably end up being worth
more than Dell. And then the Internet division could come back and buy Dell and get a higher market
cap.''
Adamou, a Taurus Capital Markets Partner (of the Investment Banking Division) explained that the
Net.B@nk phenomenon should impact the share price of Toronto-Dominion Bank (NYSE: TD - news;
Toronto: TD - news), saying, ''It's a good stock to own pre-Waterhouse (Securities) IPO. I think the
banking component of TD is undervalued.''
Adamou named Microforum (Toronto: MCF - news) as his favorite among Canadian- based Internet
companies, saying, ''It's probably one of the most compelling ideas I have heard in a very long time. It's
starting to happen. They've got a lot of different things on the go. They're making the right decisions.
They're slowly, methodically building a real business in terms of Canadian Internet companies.''
Microforum is reportedly considering a Nasdaq listing and recently hired a U.S. based legal firm,
specializing in securities listings for that purpose. Adamou also likes Rowe.com (Nasdaq: ROWE - news),
which was initially Canadian-based, but moved to the U.S, and Wi Lan (Amex: WIN - news) which may
become a contender in the wireless Internet field. He also favors Nokia (NYSE: NOK.A - news) as a
contender for the wireless Internet sector.
Three Canadian Internet, or Internet-related, stocks that Adamou questions include Research in Motion
(Nasdaq: RIMM - news; Toronto: RIM - news), American Gem (Toronto: GEM - news), and Bid.Com
(Toronto: BII - news), but he does not rule them out because he believes the Internet valuations show
growth by another 13 times over the next ten years.
To view the entire interview online, visit www.stockhouse.com
StockHouse Media Corporation is an Internet financial media information service company providing
breaking news about North American stocks via their Internet publication, StockHouse.com. With over
700,000 visitors per month, StockHouse has emerged as a leading, online, global financial content
provider. A subsidiary, StockHouse Canada is the #1 Canadian financial website, where an estimated 18%
of Canadian online investors conduct investment research. StockHouse maintains offices in the United
States of America, Canada, and Australia.
CONTACT: Hilary Chiba, StockHouse Media Corporation, 941-365-5719, or e-mail,
hchiba@stockhouse.com.
SOURCE: StockHouse Media Corporation |
