Frank,
Hi!!
I have this DELLHEAD list we started up here in upstate NY...quite a few on it..anyhow I couldn't resist commenting on this release today...Yeah, I don't forget and love getting even... :o)
BancBoston Robertson Stephens Upgrades DELL to a Buy Rating
SAN FRANCISCO, Aug. 18 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens managing director and senior electronics analyst Daniel T. Niles today upgraded Dell Computer (Nasdaq: DELL) to Buy rating from a Long-Term Attractive. Dell is a leader in direct marketing of personal computers (PCs).
"After upgrading Dell from a Market Performer rating to Long-Term Attractive on August 9th based on expectations of better-than-expected results, we are now upgrading Dell from Long-Term Attractive rating to a Buy," said Niles. "We believe the corporate win rate is at record levels.
"Given that only 16 percent of total revenues is enterprise related, Dell's Y2K risk is somewhat limited relative to the big system vendors," said Niles.
"In our view, the opportunity in consumer and SOHO (a combined 30 percent of revenues) and a geographic push in Europe (22 percent of total revenues) should offset any enterprise slowness," said Niles. "In addition, the inclusion of January 2000 into Dell's fourth quarter should reverse some year-end slowness. * * *
* * *Dan, You still don't get it!!! Nice call today though Dan....any foooool can predict once you see the numbers....Some great research Dan... :o) What happened to "the blood in the streets"; or were you just referring to the competition that DELL targeted?....Dan wake up: Tom Meredith told everyone the last two quarters that DELL sees no slowdown and they are actually "accelerating into the end of the year"...
What is so tough about judging this stock...Listen to the management...the only thing they do is "underestimate and then overachieve"
Best, Kemble
"We are raising our fiscal 2000 and fiscal 2001 earnings-per-share estimates from $0.70 to $0.77 and from $0.89 to $1.04, respectively," said Niles. "In addition, we have raised our price target from $48 to $55, reflecting a return to the old high, set in February of this year."
Clients interested in receiving more information should contact their salesperson at 415-781-9700.
BancBoston Robertson Stephens, the section 20 subsidiary of BankBoston (NYSE: BKB), is a leading international investment bank focused on growth companies in the technology, life sciences and healthcare, information and business services, retail and consumer products, real estate, media, telecommunications, broadcasting, and gaming and lodging sectors. The firm's 45 equity research analysts cover nearly 700 companies. Since its founding in 1978, BancBoston Robertson Stephens has raised over $52 billion in initial public offerings, follow-ons and convertible offerings. The firm has also assisted in over 400 mergers and acquisitions transactions valued at more than $77 billion. BancBoston Robertson Stephens began its high yield securities business in February 1997 and since that time has completed 69 transactions, including 15 lead transactions, raising more than $12.6 billion. BancBoston Robertson Stephens has offices in San Francisco, New York, Menlo Park, Boston, Chicago, London and Tel Aviv.
The following synopsis is qualified in its entirety by the more detailed information contained in the full research report, including the discussion of certain risks associated with an investment in this security contained in "Investment Risks."
The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested.
SOURCE BancBoston Robertson Stephens
CO: BancBoston Robertson Stephens; Dell Computer |
