Dell- Mark these words and remember it, if at all possible.
Freeus:
Here are some comments from various interested parties regarding DELL, some comments are particularly noteworthy as you will see.There are very obvious clues as to what the the future looks like for DELL.
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''Investors will be surprised by the bounceback they see next
quarter,'' said Tim Ghriskey, a portfolio manager for New York-
based Dreyfus Corp., which held 1.76 million Dell shares as of
Dec. 31. ''This is a high-growth stock (and) it deserves a
substantial premium.''
Compaq, for instance, had a 2 percent increase in fourth-
quarter sales, while International Business Machines Corp.'s
climbed 5.9 percent and Hewlett-Packard Co.'s inched up 0.8
percent.
.....................
Yesterday, Dell Chief Financial Officer Tom Meredith said
the company's sales fell short of its internal projections. Sales
could have increased by as much as $200 million if the company
had been more aggressive in bidding on corporate accounts.
................
Dell Chairman Michael Dell told Bloomberg Television he
expects the company's sales growth, which was about three times
the industry's in the fourth quarter, to continue.
''The opportunity for Dell to outgrow the industry is a
strong one,'' Dell said.
Dell, based in the Austin, Texas, suburb of Round Rock, also
unveiled a two-for-one stock split yesterday. Net income for the
period ended Jan. 29 matched expectations, rising 49 percent from
the year-earlier period to $425 million, or 31 cents a share.
Investors
Investors in Dell, the best-performing stock in the Standard
& Poor's 500 Index for the past three years, have benefited as
shares increased almost 1,000 times from a split-adjusted low of
3/32 in 1990.
Given that performance, some investors are taking the recent
decline and the slowing sales growth in stride.
''It's the law of large numbers. The company is entering a
phase in its life cycle that's going to be a little slower than
we're used to,'' said Trent May, a portfolio manger for Invesco
Funds Group in Denver, which owns 326,000 Dell shares.
May predicts Dell will be ''one of the more compelling buys
of the year,'' although he intends to wait a few months before
buying more shares.
Dell stock touched a record this month after more than
tripling during the past year. The company's shares fell 7.6
percent on Nov. 13, after Dell reported a 51 percent increase in
fiscal third-quarter revenue.
(Courtesy:Bloomberg) |
