Lord_Majestic - 9:59 pm on Aug 20, 2004 (gmt 0)

Article today and it estimates almost 28% of Dell's operating profits comes from Insurance business (warrenty) , Amazing is'nt it?

Sadly not amazing - my day job (and it will end soon for good) is in retail and I know what those "extended warranties" or "insurance" are about.... My take is that soon people will realise what a con these policies are and refuse to pay excessive coverage on policies that won't pay out.

I don't think it will end well - in 1999 I believed (while working for a .com) that .com stocks are totally overpriced and they will fall - they did, but looking at current values in my view they are still a joke, in fact I think the whole stock market thing is just a game where guys with most money win. As the result the only stock I want is that of my own company - and I will be damned to sell any significant part of it.