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Technology Stocks : Dell Technologies Inc.
DELL 138.22-1.6%3:59 PM EST

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To: kemble s. matter who wrote (167950)11/30/2001 1:20:26 PM
From: kaka  Read Replies (1) of 176387
 
Kemble,

STOCKWATCH Dell higher as Salomon upbeat on business trends

SAN FRANCISCO (AFX) - Shares in Dell Computer Corp were higher midsession after Salomon Smith Barney said the computer group is continuing to gain market share, and has seen strong sales to consumers over the Thankgiving holiday, dealers said.

At 12.06 pm in New York, Dell was up 0.61 usd at 27.69, while the Nasdaq Composite Index was up 4.36 points at 1,937.62.

In a note issued after a meeting with Dell chief executive officer Michael Dell and chief operating officer Kevin Rollins, Salomon said the executives were "very positive, with management highlighting continued share gains across all product categories.

"Management characterised consumer (sales) as strong so far in the Holiday season....In general our sense is that the fourth quarter is proceeding pretty much as planned."

Salomon also said Dell's main aim is to become the top seller of computer servers worldwide.

"This appears to be Dell's top focus," Salomon said.

vip/gc NNN For more information and to contact AFX: www.afxnews.com and www.afxpress.com Copyright 2001 AFX
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