An Ode to DELL !
To read'em and WEEP or read'em and REAP that is the question,really.
Rosemary : I guess it depends of which side of the fence one is right?
All the shorts can go cry their eyes out and the longs you know what to do.
Impressive numbers to say the least. Let me just highlight some of the
things that I thought are noteworthy.
1)....today reported record revenues for the 16th consecutive quarter.
No small feat indeed
2).. Revenues increased 55 percent to more than $3.7 billion in the fourth quarter ended Feb. 1, 1998.
how is that for growth ?
3) This marked the 12th consecutive quarter in which the company's year-over-year revenues grew more than 40 percent.
Like cool man!
4)Earnings per share rose 62 percent to $0.81, compared with $0.50 a year ago.
Don't mind if I go for a PE multiple of 62.
5)Revenues for fiscal 1998 increased 59 percent to $12.3 billion, while earnings per share for the year were $2.56, compared with $1.32 last year, a 94-percent increase.
come to think of it a PE multiple of 94 wouldn't be too bad.
6)As a result of its strong performance, Dell advanced from the fifth position in the PC industry worldwide in calendar 1996 to No. 3 in 1997, based on unit shipments.
Hey it ain't no chopped liver now is it?
7)Dell also announced today that its Board of Directors has declared a 2-for-1 stock split. This split, the company's fifth in the last six years, will be paid in the form of a 100-percent stock dividend to be issued on March 6, 1998, to shareholders of record as of Feb. 27, 1998.
How's that for desert ? eh?
8)''We are proud to have delivered superior value to our shareholders, while growing our business at four times the industry rate. We are equally pleased to report that Dell stock appreciated more than 200 percent for the second consecutive year and that we again led the computer industry in return on invested capital with a record 217 percent for the quarter and 186 percent for the year.''
you tell'em Michael .
9)Dell continued to set the pace for the industry in managing its assets. The company generated $590 million in cash from operations during the fourth quarter, ending the year with $1.8 billion in cash and marketable securities.
Hey anybody say 'MONEY Honey'.
10)During the quarter, the company achieved a record seven days of inventory. That is equivalent to one inventory turn each week for the full fiscal year.
Wow man, WARP SPEED.
11)Operating margin was 10.6 percent in the fourth quarter, compared with 10.4 percent in the year-ago quarter. For the year, the company continued to prudently manage margins and operating expenses together, reporting an annual gross margin of 22.1 percent and operating expenses of 11.4 percent.
Hey man that is plain 'GROSS'.
12)European Revenues Approach $1 Billion;
Dell revenues in Europe were nearly $1 billion in the fourth quarter, increasing 61 percent year-over-year. Substantial gains were achieved in the U.K., Dell's largest market in Europe, where revenues increased 56 percent over the fourth quarter. Revenues also advanced sharply in Germany, with 64-percent year-over-year growth, and France, with a 70-percent increase.
Where is YAACOV when you need him.
13)Asia Fastest-Growing Region.
Despite the recent economic crisis in Asia, Dell achieved profitable fourth-quarter results in Asia-Pacific, including Japan. Revenues exceeded $240 million, a 79-percent increase over the year-ago quarter, making Dell's business in Asia-Pacific the company's fastest-growing region in the world.
FLU, What flu, we don't need no stinkin' FLU.
14)Fourth Quarter Results Push Enterprise Systems Revenues over $1 Billion.Revenues from enterprise systems in fiscal 1998 increased more than 250 percent on a year-over-year basis and exceeded $1 billion for the year.
Can you say ENTERPRISE?
15) By year end, www.dell.com was generating sales of more than $4 million per day. In the fourth quarter alone, www.dell.com received approximately 10 million visits.
WHOOPIEEEEEEE
16)Growth Opportunities Continue in Fiscal 1999
''We see a healthy industry in the year ahead,'' said Mr. Dell. ''Major demand drivers, including processor transitions and component cost reductions, remain solid, and consolidation is separating top companies such as Dell from the rest of the field.
''We see additional opportunities in the year ahead. Expansion of our direct model in Asia-Pacific and Latin America, with further penetration in Europe, holds great potential for us. We also see significant potential to expand our enterprise and consumer businesses and our shares of the server, workstation and notebook markets. Finally, the Internet holds great promise for us to enhance efficiencies, as we ultimately move toward a goal of virtual integration with our customers and suppliers.
LET'S SEPARATE THE MEN FROM THE Boys,Shall WE?
oh sorry Rosemary, how about Ladies from the girls?
DELL, how do I love thee, let me count the ways..... a 'hunred' and one a 'hunred' and twelve, a 'hunred' and fourteen.......an so shall it go! Hey Sig are you listening ???
[ps: Hey Rosemary, is this mean you are back in ???] |
