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Technology Stocks : Dell Technologies Inc.

DELL 125.88

-1.6%

Dec 31 3:59 PM EST

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To: kemble s. matter who wrote (172419)	2/14/2003 8:26:27 AM
From: Patrick E.McDaniel	Read Replies (3) of 176387

7:14AM Dell Computer upped to Buy from Neutral at First Albany; target $30 (DELL) 23.25: The upgrade and new $30 price target is based on a favorable risk/reward ratio for the shares. Relative to firm's concerns about industry pricing, mgmt does not believe things have intensified and the growth in operating margins shows its model can react. Also believes the expiration of co's put option program could provide some uplift to the share price, in that Dell can now repurchase about double the shares for the same cash usage. I wonder if First Albany is a french company. If their research was good they would know the state of Dell before they reported. Now they jump on the bandwagon to claim credit after the fact. Viva Dell!

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