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Sat, Oct 06, 2001 - Page 19 News List

Dell investors don't celebrate like they used to

The innovative computer company has cut profit or sales forecasts seven times since January of last year and some of its stockholders are beginning to get nervous

BLOOMBERG , AUSTIN, TEXAS

Last year's performance didn't temper his enthusiasm.

"There's nothing I still don't believe in," he says. "What's so frustrating to me as a shareholder is, people still doubt Michael." Doubt may prove a fatal mistake to competitors, whether they're battling Dell in PCs, servers or any market the company chooses to enter, says Mort Meyerson, former president of EDS and Perot Systems Corp.

Meyerson, who advised Dell in the early 1990s, says one of Michael Dell's strengths is a willingness to learn from mistakes. The company's recent struggles, he says, will only make Dell stronger.

"I would never bet against Michael," Meyerson says.

"You're looking at a step back, not a collapse." That assessment might be enough to get Matter to fire up his grill again.

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