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Technology Stocks : Dell Technologies Inc.

DELL 117.19

+3.5%

Jan 22 3:59 PM EST

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To: Michael Bakunin who wrote (116741)	4/12/1999 4:15:00 PM
From: TechMkt	Read Replies (1) of 176387

This is actually "good" news for DELL. Reaffirms what MD said at the analysts meeting, and contradicts CPQ's claims of an industry problem. Fez ________________________ Monday April 12, 3:38 pm Eastern Time Company Press Release HP PC Business On Plan PALO ALTO, Calif.--(BUSINESS WIRE)--April 12, 1999-- Hewlett-Packard Company today said that it has been able to achieve its stated goal of growing its PC-business revenue while also building profitability. HP made this statement in response to questions raised by competitors' recent experiences in the PC marketplace. ''We are not seeing the weakness some of our competitors are reporting,'' said Duane E. Zitzner, president and chief executive officer of HP Computing Products, which spans palmtop to commercial PCs and PC servers. ''We have delivered growth that is on plan and profits that are above plan. Our results since the middle of last year to this point in the quarter validate our direction in all our large regional markets of the world.'' In the last year, HP has been focusing on building a solid balance between market-share growth and profitability, while expanding the ways customers can buy HP products. Customers today buy electronically via HP Shopping Village (www.shopping.hp.com), as well as through retail and commercial distribution channels. HP's second quarter will end April 30, and the company will announce quarterly results on May 17 after the market closes.

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