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Technology Stocks : Dell Technologies Inc.

DELL 125.36

+5.0%

10:42 AM EST

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To: Uncle Frank who wrote (97925)	2/12/1999 12:10:00 PM
From: Mohan Marette	Read Replies (2) of 176387

Oxymoron?or is just Moron perhaps?-Dell and hardware earning outlook-Pundit-speak. Uncle: Check this out if like 'punditry' at its very best. ================ Friday February 12 11:24 AM ET Dell Falls Amid Wall St Earnings Outlooks NEW YORK (Reuters) - Shares of No. 4 computer maker Dell Computer Corp. (Nasdaq:DELL - news) fell sharply in heavy trading Friday after investment houses said the Round Rock, Texas company would meet fourth quarter earnings estimates but could slip below sales expectations due to stiff competition. Clocking trading volume at the rate of a pinball score, Dell stock was at 93 3/8 on NASDAQ, down 8 1/2 on the previous day's close. Prior to the open, BancBoston Robertson Stephens said Dell's fourth quarter finish was soft, and would lead to revenues of $5.2 billion, shy of its earlier estimate of $5.5 billion. The brokerage house cited competition in the U.S. corporate desktop and large server computer market for the expected shortfall. Mohan: I thought the dude said Dell is in big dooo-dooo? Huh? What's up with that? Robertson Stephens said it expected Dell to meet the consensus fourth quarter earnings estimate of 31 cents per share when it reports fourth quarter numbers Tuesday after the market closes. Credit Suisse First Boston said Dell was ''on track to meet or beat'' its fourth quarter earnings estimate of 31 cents per share. Dell, the No. 1 direct seller of PCs, is best known for its sales model that allows customers to cut the cost of a computer by ordering it straight from the factory floor. Dell officials were not immediately available for comment. Mohan: Well hello can you say quiet period? Salomon Smith Barney said it saw rivals Compaq Computer Corp. (NYSE:CPQ - news), Hewlett-Packard Co. (NYSE:HWP - news) and International Business Machines Corp. (NYSE:IBM - news) making progress toward the so-called ''Dell model'' in the company's key large accounts market. Mohan:I hereby evoke my-woman Tish from UPside and say: "Yup that is a good one". Salomon said it was ''comfortable'' with its 31 cents share earnings estimate, but did not expect more than ''several pennies of upside'' on the number. Mohan:Say I thought you guys said everybody and his mother-in-law is doing the Dell-thang? What's up man? The brokerage said it may have set its outlook for Dell's selling price too high given recent corporate-market competition from Compaq, Hewlett-Packard and IBM. Mohan: Well that is not my problem sire.

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