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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%3:59 PM EST
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To: Boplicity who wrote (67669)9/25/1998 9:27:00 PM
From: Mohan Marette  Read Replies (2) of 176387
 
$95 by Nov.15th -You heard it hear first.<g>

Greg:

I belive we'll get $95.00 by Nov.15th at the very least and here are some of the reasons.Look at the 10 year projection of PC growth, a whopping 33% per annum from 325 million units to 1.4 billion in 10 years and they tell me I am 'nuts'.<vbg>

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Dell Vice Chairman Mort Topfer said business was so good in the troubled regions that the company was forging ahead with expansion plans in Latin America and China.

"While other companies appear to be suffering under the economic downturn (in those regions) ... our business continues to flourish and we are excited about the prospects going forward," he said. "We continue to gain market share across the world.

"The constant stream of technology that is delivered by the semiconductor world and by our friends in the software world is creating what we think is a very robust demand cycle -- We believe we (Dell) have the ability to grow at multiples to the market," he said.

Selling 1.4 billion units by 2008
Dell, which sells directly to the consumer via telephone and the Internet, accounted for 40 percent of the computer industry's growth in the first half of the year, Dell said.

After the analyst meeting, Dell told reporters he believes annual personal computer sales will go from the current 325 million units to 1.4 billion units in 10 years.

zdnet.com
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