But if Dell exploits the cost reduction,

There is a way to do it cheaper and better. Find it

We do have a very dramatic, unheard-of reduction in the cost of claims. It is unprecedented, ... The industry is continuing to pocket a large share of the cost savings.

If the company said it was a one-quarter event, then I think the downside would have been limited, ... But given the guidance we received, which is that growth is likely to slow because the company is so large, that will ratchet down the numbers for fiscal 2001, and that's probably where the damage is going to come from.

They could have announced dog food and the stock would have been up five points.

The critical thing they delivered on is what people, including analysts, were expecting. They have begun the Intel transition sooner rather than later.