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

To: Venkie who wrote (127338)	5/20/1999 12:47:00 PM
From: Fangorn	Read Replies (1) \| Respond to of 176387

Venkie, re > Why r we selling off today?..Gosh< I ran out of money so you are going to have to start buying. <ggggg> Seriously, Dell usually sells off during lunch, I expect it to go back above 40 this afternoon. I am guessing 41 at the close. I maintain a ST hold and LT buy with a year end target of 75. Dell may test the recent low of ~36 near term but we would be buying with both fists if it does. You gotta believe me cuz I grow wonderful cherries. VBG

To: Venkie who wrote (127338)	5/20/1999 12:59:00 PM
From: Mohan Marette	Read Replies (3) \| Respond to of 176387

Hey Donnie,I am getting sick of this frigging buying opportunities,'bout time for some selling opportunities for a change sheees! <g>

To: Venkie who wrote (127338)	5/20/1999 1:27:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

The SSB report must effectively values Dell at $23 to $25 and it's E-commerce business at $5 to $7 a share in order to arrive at the $30 target which makes their valuation "nascent". A $25 share price gives a $63 billion market valuation to Dell's computer business which is less than about 2.5X expected 1999 sales. In constrast, they give IBM a price target of $270, or a market cap of $244 billion which is 2.7x expected 1999 sales. Since IBM has no distinct internet sector, other than it's own site for it's own products, it would seem SSB is valuing IBM's business greater than Dell's. Yet, it is Dell which has a 40%+ growth rate, is taking market share and has significant opportunity to capture further share in, as SSB states, China, Latin America and elswhere. Their report assumptions must be based more on perception (reflexivity - a Soros concept) rather than potential valuation.