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Technology Stocks : Dell Technologies Inc.

DELL 146.68

-1.7%

Nov 7 9:30 AM EST

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To: abraves who wrote (83654)	12/4/1998 8:04:00 AM
From: BBG	Read Replies (1) of 176387

>>>Mo, is it just me or is anyone else starting to feel downward pressure. Seems the last couple of days the news has been getting worse. <<< Just got the following from Herb Greenburg's column at The Street.com... I don't know if the slowdown in sales at CPQ, GTW and Apple that he describes is good news for DELL or not... i.e. is one of the reasons they are selling fewer boxes because DELL is taking market share from them or if it points to an overall slowdown in the sector or that more and more people are buying the sub $700 systems? Compaq (CPQ:NYSE) has been telling analysts lately that its November biz was bright, based in part on anecdotal evidence from the all-important weekend after Thanksgiving. Its data apparently didn't include a check of Tandy (TAN:NYSE), whose 5,000 stores sell nothing but Compaq PCs; yesterday Tandy reported that PC sales for November slipped 19%. Tandy's experience is borne out by the normally promotional Gateway (GTW:NYSE), which told investors yesterday that its PC biz isn't meeting expectations. Then there's Apple (AAPL:Nasdaq), whose iMac sales, as this column has reported, appear to be under pressure. Yesterday Morgan Stanley analyst Gillian Munson (who isn't authorized to talk to the press) told her clients that "one disturbing piece of news" was that her "Best Buy (BBY:NYSE) contacts were considerably less optimistic than those at Apple's other channels regarding iMac sales." She added: "The outlook for December did not look good, and November had been surprisingly weak -- particularly for a new product. Several even noted that actual sales to date were considerably below already downward-revised predictions; most suggested that they were only selling one to five iMacs per week." JD

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