Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Duncan Baird who started this subject	1/22/2001 12:02:17 PM
From: tejek	of 1581720

Warning Again, Dell Says Fourth Quarter Will Disappoint By Betsy Riley Staff Reporter 1/22/01 7:59 AM ET Computer giant Dell (DELL:Nasdaq - news) this morning warned that it would miss fourth-quarter earnings estimates, citing the deterioration of the global economy and slowing demand for its products. The PC-maker said its fourth-quarter earnings will come in between 18 cents and 19 cents, missing the First Call/Thomson Financial 23-analyst earnings estimate of 25 cents a share. The company also said the quarter's revenue would be $8.5 million to $8.6 billion, up 25% to 27% from last year. The First Call 11-analyst estimate projected revenue of $8.5 billion. A note from Dell this morning said quarterly shipments would likely rise 40% from a year ago. Just before Dell's warning this morning, Robertson Stephens upgraded the stock to long-term attractive from market performer. Dell is epected to report final results for its fourth quarter, which ends Jan. 31, on Feb. 15. In the past two months, TheStreet.com has followed the company's ongoing woes as computer sales have slowed and hit the stock of PC makers. Dell has already warned more than once that it is having problems. Dell was recently off $2.06, or 8%, to $23.56 in preopen trading. The computer company's 52-week high is $59.69.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next