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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

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To: Frank E W who wrote (119175)	4/20/1999 8:54:00 AM
From: Rich Young	Read Replies (1) of 176387

Coupled with a strong MSFT report tonight, this could be the flashpoint to turn techs around (from EMC report): "We understand there are concerns throughout the information technology industry about the potential impact of the Year 2000 date change on IT spending patterns later this year," Ruettgers continued. "EMC tracks customer spending plans very closely through extensive formal surveys and constant customer dialogue. The evidence we have collected in recent months points to continued robust demand troughout the year, and indicates that there will not be a slowdown in spending for EMC storage products during 1999. We are reiterating our previous forecast of greater than 30% growth in both revenue and net income for 1999. The explosion of both online and traditional data, and its increasing relevance to an organization's ability to conduct business and grow, shows no sign of diminishing. " Rich

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