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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: Meathead who wrote (25876)	12/19/1997 7:26:00 PM
From: Mohan Marette	Read Replies (2) of 176387

Just posting what I saw. True or not I can't say. Meathead & thread: Friday, December 19, 1997 Dell shares off $2.75 on demand concerns Friday December 19 2:18pm Eric C. Fleming, ZD Inter@ctive Investor Shares of direct computer maker Dell Computer Corp. slid $2.75 to $78.00 as investor concerns about Asia and declining domestic demand were exaggerated by the holiday sales push. Computer resellers, such as CompUSA Inc. and MicroAge Inc., may have signaled the slide last weak when their earnings were hurt by weakened demand. As these direct distributors to businesses are hurt by slack demand, it can indicate a softening across the industry that affects direct PC makers such as Gateway 2000 and Dell. Direct PC makers build computers without having a large number of assembled machines on hand and they use sales forecasts for their competition to gauge demand. If Dell's competition is forced to lower prices to clear out inventory, then Dell will be forced to match the price cuts. "With PC sales growth on the decline," said Daniel Niles, BancAmerica Robertson Stephens analyst, "an investor can look at the valuations, and see that it may be time to get out [of the PC sector].

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