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

To: Augustus Gloop who wrote (125496)	5/17/1999 1:48:00 PM
From: DellFan	Respond to of 176387

Yep, right - but I resent having to admit it to Captain Charm <eom>

To: Augustus Gloop who wrote (125496)	5/17/1999 2:19:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Nasdaq777, I disagree. A value play is meaningful only under very limited circumstances such as the imminent breakup of a company releasing it's value. For example, suppose a company like one of the railroads were to be valued on the basis of its assets it might look like there is considerable "value", except for the fact that the value will never be realized so long as the company continues to exist. So "value" is really an illusion based on the assumption that the underlying market value of asset less liabilities exceeds the market value of the stock. When the business continues to plod along numerous opportunities exist for it to continue to stumble, and in the case of Compaq those opportunities are legion. Start with Rosen, who still apparently believes that Compaq's failure was not of strategic vision, but of execution. That sounds like more of the same to me. Or look at their "bold" move with respect to channels -- they cut the number of channel partners to 4. Big deal, because those four already accounted for over 95% of channel sales. I see Compaq as needing to perform radical surgery if it is to once again become a earnings growth vehicle in the PC market. Since top management does not exist the surgery must be delayed while the patient's condition worsens. And once new management gets in, even if it has the proper vision, it will take more than a year before meaningful implementation can begin. A year in which problems will worsen. Compaq as a value play? never. TTFN, CTC