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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (132749)	6/15/1999 9:07:00 AM
From: Ian@SI	Respond to of 176387

some more outstanding coverage on MSD and his comments at the Bear Stearns conference. Dell Computer Corp. Dow Jones Newswires -- June 14, 1999 DJ Dell CEO Says Internet Will Make Co. More Efficient NEW YORK (Dow Jones)--The Internet could make Dell Computer Corp.'s (DELL) "direct sales" method twice as efficient as it is now, founder and Chief Executive Michael Dell told a group of investors Monday. "We're changing the entire way we do our business," he said in a "virtual" technology conference sponsored by Bear Stearns & Co. "We believe the advantages from the Internet model... are as great as the advantages of the physical (direct) model." Dell is at the pinnacle of efficiency in the personal-computer business because it builds computers only as they are ordered, eliminating the need to hold a lot of inventory. But Dell said the company is about one-third of the way through a process of expanding its sales and service offerings on the Internet. Right now, it generates about $18 million a day in Internet sales. "We're moving to the next level of direct," Dell said, predicting that the new efforts could "double the advantages of the traditional direct model." In his upbeat comments, Dell said the PC industry is "quite healthy" right now and that his company should continue to be the "fastest-growing company in the computer industry." Dell shares fell 7/8, or 2.6%, to 33 5/16. -Christopher Grimes; 201-938-5253