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Technology Stocks : Dell Technologies Inc.

DELL 134.85

+0.7%

2:06 PM EST

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To: Chuzzlewit who wrote (98105)	2/12/1999 3:34:00 PM
From: stockman_scott	Read Replies (2) of 176387

CTC, Drew, Mohan, Kemble and Others... I just picked up a new update from Merrill Lynch and it is quite positive. Here are their latest comments on DELL: Merrill Lynch Intra-Day Special Call (2/12/99) "DELL shares are weak today primarily due to a competitors statement that DELL's revenues will be light for the quarter, specifically $5.2B vs. $5.5B, due to a slower corporate market and pricing pressure from IBM resulting in lower ASPs (Average Selling Prices)." "We think our $5.6B revenue forecast for 4Q may be a bit high but maintain our $.32 EPS estimate vs. consensus of $0.31. We do believe the company's revenues for the quarter will exceed $5.2B." "The corporate PC market is not as robust as the consumer PC market and DELL does not get a high percentage of its revenues from the consumer market." "We believe DELL is gaining significant market share in the corporate market." "We expect revenue growth to slow over time; from 50% in 1999 to roughly 37-40% in 2000." "We maintain our LONG TERM BUY rating and would particularly use the weakness as a buying opportunity" ------------------------------------------------------------------------------------------------------ Hmmmmmm......it sounds like DELL is quite a stock to own. CS First Boston, SG Cowen, Morgan Stanley, and now Merrill Lynch are all quite confident about DELL's health and its future. I will continue to hold all of my shares and look forward to next week. -Scott

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