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

To: edamo who wrote (127560)	5/21/1999 9:53:00 AM
From: Jill	Read Replies (3) \| Respond to of 176387

Not sure if this was posted yesterday--CBSMarketwatch quoting this thread (ed, Mark, Aloha) cbs.marketwatch.com Jill

To: edamo who wrote (127560)	5/21/1999 10:03:00 AM
From: arthur pritchard	Read Replies (1) \| Respond to of 176387

ed: hi. I want to make sure I understand your thought, that owning the 01/22.5 deep in the money calls, would enable you to take advantage of a dip. '''''Is this because it doesn't require much cash to get the 01/22.5 position, in a size equivalent to the partial position you might sell? Which leaves lots of cash to buy, should there be a large dip sometime? Can you give some percentages; that is what percent of presently tied up cash, would be freed up? '''''You would then hold the calls long term, and use that leap call position, to reacquire the shares long, before the leaps expire? This takes the pressure off the dell shares performing for you, short term...? '''''I think what confuses me, is why this has not appealed to you so much, in the past. For example, wouldn't you be better off just writing puts, which has been so reliable for you. Or do you see that changing----I doubt that. '''''I thought leap calls were not of much interest to you. I am surprised you are thinking along these lines. I have been also.

To: edamo who wrote (127560)	5/21/1999 12:52:00 PM
From: stock bull	Read Replies (1) \| Respond to of 176387

Edamo, many thanks for the response. I agree with your estimate of the stock's trading range...36 to 44, and essentially following the market's movements. This has been the pattern since the 4Q99 earnings report. Regarding the issue of "preception"...Dell is the best managed and performing pc box maker around. Look at the problems/difficulties that IBM, CPQ, HWP, NEC/Packard Bell, Micron, et al have had over the years. So, from a pure fundamental analysis point of view, Dell is the winner. As I've said before on this thread, Dell's problem is managing the transition from being a "high flyer" to being a company growing at a rate that is faster then its competitors and remaining very profitable. Of course, growth goes beyond the pc boxes...it extends into the enterprise markets, e-commerce, consulting, support services, etc. The management of this growth, while maintaining shareholder value, is another issue. Is it possible the Michael Dell doesn't have the necessary experience, or maturity, to handle this part of the business? Yet, Toffler, and Meredith are there to provide guidance as Dell (the company) goes through this process. So, I guess the question remains, how does this transition play out, and at what expense to the shareholders? Regarding your comments...<<...as i earlier stated, msd book comments about competitors weakness/strength have been thrown back in his face by gerstner and platt and pfeiffer...they have created a "perception" that the pc is dead, a commodity, loss leader, etc.....>>why would Gerstner, Platt and Pfeiffer what to create a "preception" that the pc is dead? In effect, the are telling the world that their pc products are a dying business. IMO, this is not a very good business strategy. If the pc were really going away, then these guys would have to admit the problem is real, and present a business plan that shows how they plan to replace the pc and continue to grow their businesses. Good luck with your investing strategy. In fact, good luck to all of us. Stock Bull