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

To: Alohal who wrote (126808)	5/19/1999 12:22:00 PM
From: RLM	Respond to of 176387

Dell we recover a point or two after all of the "frantic sellers" are out of the stock.

To: Alohal who wrote (126808)	5/19/1999 12:24:00 PM
From: John Hauser	Respond to of 176387

FOOL PLATE SPECIAL An Investment Opinion by Warren Gump What's Priced Into A Stock? This morning we had an interesting interplay of earnings releases from two technology bellwethers. Dell Computer (Nasdaq:DELL - news) , the darling of the personal computer industry, posted earnings per share (EPS) of $0.16, in line with expectations and up 45% from the prior year. In response, the stock disconnected $4 5/16 to $39 3/4. Applied Materials (Nasdaq:AMAT - news) , the leading semiconductor equipment maker, posted fiscal Q2 earnings of $0.36 per share. Despite being down a penny from last year's results, this number was well ahead of the $0.27 consensus earnings expectations. In addition, the company announced that it anticipates Q3 EPS to be in the $0.50-$0.54 range, stomping the current $0.35 estimate. The stock fabricated a $2 1/2 gain to $65 5/8. Obviously, today's reaction in Applied Materials' stock indicated that investors look prospectively when valuing the stock. Who cares what happened in the past when the value of a stock is based on future performance? Much more important than beating expectations for the quarter, Applied Materials demonstrated to investors that it has emerged from the recent slump in the industry. While this quarter's results were basically flat (ending deep double-digit declines), the company is projecting strong growth next year, which will more than recuperate last year's stiff earnings decline. Many investors were still worried that the company would not quickly emerge from the industry's troubles, but today's news should alleviate those fears. What's up with this Dell situation, though? The company met published consensus earnings expectations and experienced 45% EPS growth. The company's 41% sales increase was caused because it grew about 2 1/2 times as quickly as its industry. Unfortunately, that wasn't good enough. Over the past few years, the company has significantly beat published expectations and many investors were expecting that to happen again. When the company "only" met expectations last quarter, many thought it to be an aberration. This quarter's results raise the concern that a trend may be starting. Although still rapid, Dell's growth may finally be slowing down below 50%. Many people have been assuming that wasn't about to happen. One of the oldest adages of Wall Street is that investors consistently overreact to news, both on the upside and downside. This statement's validity is never more evident than when a well-established trend comes into question. When a stock is doing well, an investor's tendency is to expect that trend to continue indefinitely. On the other hand, a poorly performing stock is often projected to continue floundering forever. Only when clear evidence of a shift occurs does it become apparent how optimistic or pessimistic the market has been. Successful investors will be the ones who look through short-term financial performance and determine whether a stock is underpriced or overvalued relative to underlying long-term business fundamentals

To: Alohal who wrote (126808)	5/19/1999 12:28:00 PM
From: arthur pritchard	Read Replies (1) \| Respond to of 176387

alohal: here is the latest real time money flow... Net Chg. % Symbol Money Flow Company Name Last Tot. Vol. -1.26 IBM 73,412,601 INTL BUSINESS MACHINES CO 235 1/2 - 2,034,100 +3.53 ORCL 42,189,616 ORACLE CORP , COM 25 11/16 - 7,636,100 +2.97 AMZN 33,994,516 AMAZON.COM INC , COM 136 9/16 - 3,175,500 +1.27 DIS 33,514,916 WALT DISNEY COMPANY (HOLD 29 15/16 - 6,600,400 +1.86 AOL 32,757,068 AMERICA ONLINE INC, SHS 136 9/16 - 9,179,600 +2.04 GE 29,699,971 GENERAL ELECTRIC CO 106 3/8 - 1,969,800 +1.70 SCH 28,212,770 CHARLES SCHWAB CORP , 119 3/4 - 1,111,300 -1.50 HWP 26,158,889 HEWLETT-PACKARD CO 94 9/16 + 3,890,600 -1.17 INTC 24,927,968 INTEL CORP, SHS. 58 1/4 + 9,028,900 +1.39 YHOO 21,049,271 YAHOO INC , COM 159 - 2,334,200 +.71 EMC 19,223,546 EMC CORP MASS , SHS 106 1/8 - 1,421,900 +3.46 IP 17,050,880 INTERNATIONAL PAPER CO 54 3/16 + 1,493,400 -.10 ALD 17,037,922 ALLIEDSIGNAL INC 61 + 1,101,200 +.41 AA 15,416,569 ALCOA 61 1/2 + 1,151,600 +.17 NITE 15,231,494 KNIGHT/TRIMARK GROUP INC, 71 27/32 - 1,339,500 +.63 LU 14,529,246 LUCENT TECHNOLOGIES INC 59 7/16 + 2,416,600 +.88 CHV 12,870,731 CHEVRON CORP 93 7/16 - 703,700 -.81 CSCO 12,071,641 CISCO SYSTEMS INC 115 1/4 + 4,739,400 -.73 KO 11,205,171 COCA-COLA CO , COM 68 1/4 - 1,392,400 +.24 MSFT 8,373,324 MICROSOFT CORP REDMOND 78 7/8 - 8,257,900 +2.27 CMGI 8,304,386 CMG INFORMATION SERVICES 244 7/8 + 1,463,200 +.76 EK 8,148,717 EASTMAN KODAK CO 74 11/16 - 617,900 -2.08 ATHM 6,728,089 AT HOME CORPORATION , 147 1/8 - 561,900 -.67 PG 4,903,423 PROCTER & GAMBLE CO 93 1/4 - 815,000 +2.07 MMM 4,761,792 MINNESOTA MINING & MANUFA 89 5/16 + 328,600 +2.18 ADBE 3,901,999 ADOBE SYSTEMS INC 76 1/16 - 651,100 -.75 NOVL 2,624,154 NOVELL INC, SHS 24 11/16 - 1,839,400 +1.27 DCLK 2,060,803 DOUBLECLICK INC NY 119 1/4 + 456,300 +.80 MRK 2,004,392 MERCK & CO INC 70 7/8 + 2,068,200 +.76 POS 1,109,796 CATALINA MARKETING CORP 91 1/4 + 16,700 +2.68 LOR 1,012,367 LORAL SPACE & COMMUNICATI 19 3/16 - 404,800 +3.87 SPYG 854,545 SPYGLASS INC 20 1/8 - 223,800 +1.77 EGRP 794,300 E TRADE GROUP INC 113 - 1,551,100 +6.49 IINT 790,958 INDUS INTERNATIONAL INC 5 1/8 + 530,100 +6.93 MCNS 542,896 MEDICONSULT.COM INC 15 7/16 + 292,900 +2.62 CNF 345,609 CNF TRANSPORTATION INC 44 1/8 - 126,300 -.50 ZSUN 110,317 ZIASUN TECHNOLOGIES INC 12.43750 - 20,000 +.00 FRTE 52,100 FORTE SOFTWARE INC 5 3/4 - 62,600 +4.35 IMOT 43,786 INTERMOST CORP 6.00000 + 23,100 +.69 USPL 24,176 US PLASTICS LUMBER CO, SH 9 1/16 + 74,300 +.00 XNET -10,722 XIN NET CORP, SHS 2.93750 - 21,700 -2.86 ENDO -29,926 ENDOCARE CORP 4 1/4 - 12,900 -11.63 TNRG -42,742 TIANRONG BUILDING MATERIA .38000 - 495,400 +2.16 AWRE -43,941 AWARE INC 59 - 107,400 -.77 NETD -46,225 DATALINK SYSTEMS CORP, CO 4.03120 + 30,200 +.24 EPAY -56,796 BOTTOMLINE TECHNOLOGIES 52 1/2 - 37,500 +7.21 DPMI -208,791 DUPONT PHOTOMASKS INC 44 5/8 + 49,900 +.86 NETS -225,918 NETWORK EVENT THEATER INC 14 5/8 - 34,900 +.00 HNCS -294,563 HNC SOFTWARE INC 26 - 181,300 +.00 PCNTF -382,708 PACIFIC INTERNET LTD, SHS 59 7/8 - 113,400 -1.79 NETP -461,030 NET PERCEPTIONS INC , 24 1/16 - 74,300 -2.08 ZDZ -761,690 ZIFF-DAVIS INC , COM 29 3/8 + 166,300 -3.34 USWB -1,182,353 USWEB CORP, SHS 27 1/8 + 620,900 -.94 FDX -1,394,060 FDX CORPORATION 59 7/16 + 542,400 -.80 GNET -1,760,912 GO2NET INC 124 - 137,700 -5.96 MSGI -3,358,659 MARKETING SERVICES GROUP 35 1/2 + 630,800 -.57 UK -4,986,144 UNION CARBIDE CORP 54 3/4 - 514,200 -2.84 RNWK -8,221,865 REALNETWORKS INC 89 3/4 + 1,285,500 -1.08 WMT -8,658,324 WAL-MART STORES INC 45 15/16 + 2,282,100 -8.47 TGLO -8,772,179 THEGLOBE.COM INC 20 1/4 + 7,850,100 +.48 MO -10,172,528 PHILIP MORRIS COS INC, SH 39 3/8 + 3,504,800 -.84 WCOM -13,106,177 MCI WORLDCOM INC, SHS 88 1/8 - 2,541,800 -2.25 SUNW -14,212,476 SUN MICROSYSTEMS , COM 62 3/8 + 2,836,300 -.35 QQQ -15,651,972 NASDAQ-100 TR SER I 107 7/8 - 1,813,100 -1.76 QCOM -18,719,166 QUALCOMM INC 101 3/8 - 3,015,400 -1.16 T -24,314,210 AT & T CORPORATION 58 7/16 + 4,560,800 -9.65 DELL -35,437,499 DELL COMPUTER CORP 39 13/16 + 38,466,000 -2.08 GM -60,444,419 GENERAL MOTORS CORP , 79 5/16 - 1,332,500