Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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Nov 17 3:59 PM EST

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To: Duker who wrote (855)	5/7/1999 1:51:00 PM
From: Duker	Read Replies (1) of 1989

Dell Internet driving company's growth WILLIAMSBURG, Va., May 7 (Reuters) - Dell Computer Corp. Chairman Michael Dell said on Friday the personal computer and server markets remained strong and the Internet was a major growth engine for the company, helping it to cut costs and drive revenues higher. ''The industry is very healthy, at least for companies that are well-positioned, so we're doing quite well,'' Dell told Reuters at a Business Council gathering of top U.S. executives. ''The PC market, the server market continue to grow at rapid rates. Our direct model continues to power ahead. The Internet is a major driver of growth for us.'' An increasing number of Dell customers are buying computers online, while the company is using the Internet to provide support to them. ''The Internet is right at the core of everything we are doing,'' Dell said. ''Last quarter 25 percent of our sales were online and that's running at a $5 billion run rate. We're supporting our customers online and an increasing percentage of our support transactions are occurring online.'' --------------------------------------------------------------------------------

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