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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST
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To: Diamond Jim who wrote (97654)1/26/2000 8:07:00 PM
From: Jim McMannis  Read Replies (2) of 186894
 
Jim,
yahoo.cnet.com


Dell said its revised outlook comes from a sporadic supply of chips during the quarter, which resulted in $300 million in lost sales. Most of these lost sales were in its new consumer product line.

Year 2000 concerns reduced corporate sales by $500 million, Dell said.

"We're clearly not happy about this," Dell chief financial officer Tom Meredith said in a conference call with analysts today. "We're as competitive as anyone, and we'll have to sort through this."

In the call, Dell said its bottom line was essentially decimated by shortages of Intel "Coppermine" high-end desktop processors. Running at speeds of up to 800 MHz, the chip shortages hit Dell squarely in some of its most profitable products.

The chip shortages caused several problems for Dell. The company was unable to deliver on products it had featured in marketing and promotional spots, it was unable to sustain volume sales during the peak holiday season on high-profit products, and as a result, the company's operating expenses were a much higher ratio to profits than usual, according to Meredith, who said the chip shortages would cost the company 3 cents per share in bottom-line earnings."...
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