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Technology Stocks : Dell Technologies Inc.

DELL 122.55

+4.4%

Nov 21 9:30 AM EST

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To: JRI who wrote (152629)	1/31/2000 9:10:00 AM
From: Gabriel008	Read Replies (2) of 176387

John, in scanning interviews with DELL management I happened upon this one between Tom Meredith & CNNFN. Check out the last line of the interview recap! Have you seen any mention of this GP margin statement before? Tom Meredith, CFO, Dell Computer Author Carolyn Anne Report Source Tom Meredith (Added 1/27/00 10:45:43 AM)Categories: CEO Interviews Email link to this Article DELL Dell Computer Corporation Computer Hardware More Views CEO Interviews Company warns growth will slow from 48% in 1999 to 38% in 2000; profits in 4th quarter will come in at $.16 per share. Mr. Meredith states that the rebound from Y2K was much more protracted; semiconductor availability issues were still a problem; expected bounce in January didn't occur. Lowered expectations still include 30% growth rate which he is comfortable with. Strong spending by large corporations occurred in 2nd quarter last year; he knew there would be a lockdown later in 1999. Adverse effect occurred in 3rd quarter due to dramatic increase in memory pricing which took place in that quarter, blended into 4th quarter. He is confident of company's ability to drive top and bottom line growth in the 30% range. He expects margins to settle in mid-teens

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