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Technology Stocks : Dell Technologies Inc.

DELL 114.44

-3.4%

Jan 30 9:30 AM EST

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To: Mohan Marette who wrote (120490)	4/25/1999 11:07:00 AM
From: D. Swiss	Read Replies (1) of 176388

Mohan, OT, I am well aware of the European results. However, I listened carefully on the conference call. They are addressing the European issue and the rest of the call was very upbeat and positive which is why every Anal-yst that released a comment gave the thumbs up (except for Aschmuck). If you factor out what the CFO called productive SG&A expenditures, then the SG&A as a % of sales was flat (or would have added another .21/share to EPS). But lets face it, no matter how you slice it will never be as good as Dell, but I am confident it will outperform the rest of the industry. :o) Drew

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