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Technology Stocks : Dell Technologies Inc.
DELL 119.41-2.7%3:59 PM EST
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To: Gabriel008 who wrote (97971)2/12/1999 9:19:00 PM
From: freeus  Read Replies (1) of 176387
 
From IBD, Friday Feb 12, 1999
P B3

Article is titled "Best funds are following internet rainbow"
(I didnt see this on the ibd ww.)
This is an exerpt about DELL
"IBD found 95 top funds pouring $1.96 billion into DELL's stock.
The stock continues to be the darling of the market, having soared from 6 in 1996 to a peak of 109 1/4 earlier this month. It has a 99 Earnings per share rating from IBD. That means profit growth has been better than 99% of all companies.
Dell will report earnings soon for the fiscal year ended Jan 31.They should be up 62% to $1.06 a share, according to estimates compiled by first Call corp, from 64 cents a year ago. Revenues are growing in excess of 50% quarterly. For fiscal 2000, analysts project a 39% gain in net to $1.47 a share.
Dell's stock was extended, having broken out of a base on Dec 21 at 72 and running up 32 points. Generally, after a move like that, a stock may base for a while. That's what Dell is starting to do now.
The only technical negative for Dell is that insider selling rose sharply the past six months. IBD found 28 sell transactions covering 17 milion shares. There were no buys. Founder Michael Dell sold 8 million shares in December in the mid-60's. He holds 184 million shares. Insiders tend to sell early. Top performing funds at Fidelity and American Century were buyers."

Happy Friday evening, to all.
Freeus
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