Drew.
Did you notice that in this report it says DELL Down down today. SEE below. I guess Danny boy is so use to DELL going DOWN when he speaks. VBG
08/09 10:32 ROBERTSON STEPHENS RAISES DELL <DELL.O> TO LONG-TERM ATTRACTIVE
SAN FRANCISCO, Aug 9 (Reuters) - BancBoston Robertson Stephens on Monday said it has upgraded shares of Dell Computer Corp. to long-term attractive from market performer, with a near-term price target of $48.
-- Robertson Stephens managing director and senior electronics analyst, Daniel Niles, said, "After a long slide in both revenue and unit growth from July 1998, levels of 54 percent and 72 percent, respectively, we believe the current quarter will show some stabilization relative to the April revenue and unit growth rates of 41 percent and 52 percent, respectively."
-- "We believe earnings-per-share of at least $0.17 is reasonable and that at least 10 percent quarter-to-quarter revenue growth for third quarter 1999 is achievable, given the current momentum and win-rate," he added. "We see opportunities in enterprise, storage and portables helping slow price decline."
-- Niles's second quarter forecast is in line with consensus estimates of $0.17, according to First Call/Thompson Financial.
Dell shares were down $1.31 to $41.19 on Nasdaq in morning trading.
((New York newsroom, 212 859-1700, fax 212 859-1717, or nyc.equities.newsroom@reuters.com))
COPYRIGHT ¸ 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.
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