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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: JRI who wrote (79287)	11/12/1998 5:59:00 PM
From: KM	Read Replies (1) of 176387

from Streetcom: Top Stories: Dell Retreats Despite Strong Earnings By Eric Moskowitz Staff Reporter 11/12/98 5:50 PM ET Dell (DELL:Nasdaq) again reported strong earnings growth, but investors aren't impressed. The Round Rock, Texas-based PC seller reported third-quarter earnings of 28 cents a share, a penny above consensus estimates, but that just wasn't good enough for aftermarket traders. The stock dropped 3 points to 66 3/16 on Instinet after the company reported earnings. The stock fell 2 5/8, or 4%, to 69 3/16 during regular hours Thursday. Dell earned $384 million, or 28 cents a share, up from the year-ago $248 million, or 17 cents a share. Revenue rose 51% to $4.82 billion from $3.18 billion a year ago. Dell's average PC selling price fell to $2,400 per unit from $2,700 a year ago. Worldwide Internet sales soared 67% to $10 million a day from $6 million in the second quarter. TSC plans a follow-up piece after the Dell conference call is complete. The following earnings preview was posted at 9:30 a.m. EDT Thursday.

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