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

To: Ian@SI who wrote (134290)	6/24/1999 8:24:00 AM
From: GVTucker	Read Replies (1) \| Respond to of 176387

Ian, RE: BSC and DELL BSC didn't upgrade DELL this morning, they've had it as a buy for about 2 years now. In addition, the $60 target isn't changed from their previous target.

To: Ian@SI who wrote (134290)	6/24/1999 8:25:00 AM
From: Fangorn	Read Replies (1) \| Respond to of 176387

Ian, The bid on my RT quote jumped from 38 1/4 to 38 3/4 within a minute of that CNBC report.

To: Ian@SI who wrote (134290)	6/24/1999 8:58:00 AM
From: Esway	Read Replies (1) \| Respond to of 176387

(Austin American-Statesman/KRTBN)--NEW YORK--Making his bluntest public assessment of Compaq Computer Corp.'s problems, Michael Dell said Tuesday there is a "massive state of confusion" around his cross-state rival, and he suggested Compaq is hemorrhaging corporate customers to Dell Computer Corp. "We're in a full account-acquisition mode," the chief executive of Dell said during a briefing with reporters at the Four Seasons Hotel. "Sounds like a party for us." Dell Computer, Compaq and hundreds of other hardware and software companies that make up the personal computer industry are in New York for PC Expo, the annual trade show that this year attracted an estimated 75,000 participants to promote and evaluate the latest products for businesses. The 34-year-old Dell's almost gleeful reference to Compaq's battle to reduce operating costs, improve manufacturing efficiency and adopt a more Dell-like model of marketing and assembling computers underscores the bitter rivalry between the two Texas PC giants. Compaq, based in Houston, is the No. 1 PC company in total PCs shipped. But Dell is rapidly closing the gap and has taken over the No. 1 slot in such key segments as small business, according to research company International Data Corp. Meanwhile, Compaq announced last week that it might lose $250 million this quarter and that it plans thousands of layoffs in the wake of the April firing of Chief Executive Eckhard Pfeiffer and resignation of a handful of senior executives that followed. The company also warned Wall Street that it would take a $2 billion charge against earnings this year as it reorganized. Dell said that the $2 billion charge coupled with a $5 billion charge Compaq took last year, in part because of its acquisition of Digital Equipment Corp., would "wipe out" all the company's profit since 1987. Compaq spokesman Alan Hodel said the company declined to comment on Dell's remarks. Lou Mazzucchelli, vice president of investment banking company Gerard Klauer Mattison & Co. Inc. in New York, said Dell has been aggressively trying to capitalize on Compaq's problems. "If I were them, I'd be doing the exact same thing," he said. Dell also said Tuesday that his company plans to offer online auctions of personal computers and will launch an Internet service provider program. He declined to provide details. While Dell relishes what he called the "perfect competitive environment" with Compaq, his tone was more of the joyful victor than vindictive enemy. He said market-share data suggest that Dell is taking business away from other competitors as well as Compaq, and he displayed his usual confidence in Dell Computer's prospects in the industry. Showing a chart of Dell's 50 percent to 60 percent growth in PCs shipped from 1996 through the first quarter of this year, Dell said the industry's rate of growth actually slowed in 1996, 1997 and 1998 without Dell Computer's shipments. Interest in the Internet will continue to drive the PC industry, Dell predicted, and high-speed Internet connections such as cable modems or ADSL lines will prompt users to upgrade their PCs to more powerful models. Various industry projections say there soon will be a proliferation of small, digital appliances connecting people to the Internet, e-mail, stock prices and weather reports. "They would serve the purpose of giving you information where you are, essentially addicting you to information, but none of these devices are a replacement for the PC," Dell said. For millions of digitally connected households, the common PC will be a server that allows those devices to work in concert. "The more data-addicted people are, the more PCs will flourish," Dell said. Moreover, Dell said the industry "is at the beginning of a huge wave" of companies trying to plug into the potential of Web sales, or e-commerce. Dell also said that three growth areas -- consumers, enterprise, services and expansion into industrialized countries where PC use is less than 10 percent of the population -- offer Dell additional revenue of $10 billion each "over the next several years." The company, which some analysts expect to reach $26 billion in revenue this year, could grow to a $90 billion company by reaching 20 percent share of the PC industry, Dell said. By Jerry Mahoney -0- Visit Austin 360, the World Wide Web site of the Austin American-Statesman, at austin360.com (c) 1996, Austin American-Statesman, Texas. Distributed by Knight Ridder/Tribune Business News. CPQ, DELL, END!A$3?AU-DELL