Robertson Stephens said it sees DELL COMPUTER's 4Q revenues shy
of earlier estimates. Salomon said it sees Dell offsetting sales
weakness with strong margins and says it feels comfortable with 4Q
EPS view of $0.31. CSFB also said it sees Dell "on track to meet
or beat" 4Q EPS view of $0.31. Dell was trading at 94-1/2, down
7-3/8 at 9:34 ET. (Reuters)
* Regina Keeney, head of the FCC's international bureau, late
Thursday said she would leave the agency next month to run the
Washington office of DELL COMPUTER. Keeney, who has headed the
international bureau since 1997, worked on key trade agreements
that have resulted in lower global calling rates for U.S. callers.
Previously Keeney served as head of the FCC's wireless bureau,
overseeing the agency's first spectrum auction. She also headed
the common carrier bureau. Before joining the FCC, Keeney served
as the senior Republican counsel for communications to the Senate
Commerce Committee from 1985 1994. (Reuters 10:03 PM ET 02/11/99)
read my prev. msg on what M.Dell said re: revenue for 99 and 5 yrs out
* Shares of DELL COMPUTER fell sharply in heavy trade Friday after
investment houses said the company would meet 4Q earnings
estimates but could slip below sales expectations due to stiff
competition. Prior to the open, BancBoston Robertson Stephens said
Dell's 4Q finish was soft, and would lead to revenues of $5.2 bln,
shy of its earlier estimate of $5.5 bln. The brokerage house cited
competition in the U.S. corporate desktop and large server
computer market for the expected shortfall. Robertson Stephens
said it expected Dell to meet the consensus 4Q earnings estimate
of $0.31 per share when it reports 4Q numbers on Tuesday after the
market closes. (Reuters 10:25 AM ET 02/12/99) For the full text
story, see
there is no intel news site so i put this here...to keep track
of what ML will do w. intel next?
* Thomas Kurlak, one of Wall Street's most influential technology
analysts and a 20-year veteran at MERRILL LYNCH & CO, has resigned
to take a job at Tiger Management, the hedge fund company run by
Julian Robertson. Kurlak has ranked first among analysts covering
electronics and semiconductors every year since 1996 in the annual
All-America Research Team poll conducted by Insitutional Investor
magazine. His resignation came a week after Merrill Internet
analyst Jonathan Cohen left to take a position at upstart
investment bank Wit Capital. A Merrill spokeswoman said companies
covered for the firm by Kurlak, such as INTEL CORP and TEXAS
INSTRUMENTS, have been placed under review. Merrill expects to
make an announcement on who will assume coverage in the near
future, she said. (Reuters 04:42 PM ET 02/12/99) |
