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Technology Stocks : Dell Technologies Inc.
DELL 117.44-1.6%3:59 PM EST

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To: Foad who wrote (59211)8/18/1998 9:42:00 PM
From: Jorge  Read Replies (1) of 176387
 
Whisper numbers are general numbers, not set in concrete...I'm not even sure there is a concensus of whisper....Here's a ZDNet article that says .49 was the whisper number circulating on the street today.

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Old story, new quarter: Dell wows em' again
By Larry Barrett,
Inter@ctive Investor
August 18, 1998 2:41 PM PT

It's almost become boring unless you're a Dell shareholder but the PC giant shattered analysts' estimates once again in its second fiscal quarter, returning a profit of $346 million, or 50 cents a share, on sales of $4.3 billion. First Call consensus expected a profit of 46 cents a share.

Dell (Nasdaq:DELL) shares fell 1 to 109 9/16 ahead of the earnings report but quickly shot up to 113 in after-market trading.

Not only did Dell beat the Street estimate, but it hurdled the whisper number of 49 cents a share winding its way through Wall Street Tuesday afternoon.

As if the stellar earnings report weren't enough, Dell's board of directors declared a 2-for-1 stock split. The split will be issued to shareholders of record as of Aug. 28 and is the company's second 2-for-1 split this year.

"Our sustained growth and solid performance across all segments and regions continue to underscore the strength and efficiencies of our direct business model," said chief executive Michael Dell in a prepared release. "We believe that our performance positions us as No. 1 in profitability, revenue growth and unit growth among major systems companies worldwide."

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Regards, George

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