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

To: Frank Ellis Morris who wrote (135731)	7/7/1999 5:22:00 PM
From: nolimitz	Respond to of 176387

Sorry dont have that info

To: Frank Ellis Morris who wrote (135731)	7/7/1999 6:25:00 PM
From: puborectalis	Respond to of 176387

PC makers' stocks rose Wednesday amid positive comments from Merrill Lynch's technology team. Analyst Steven Milunovich expects most companies that make servers to meet or exceed his earnings expectations. Companies most likely to beat his expectations include EMC, IBM, Lexmark, SGI, Sun Microsystems and Unisys. Some of this quarterly strength could come from businesses rushing to make equipment purchases well ahead of any lockdowns in fourth-quarter spending because of Y2K concerns. But Milunovich said he expects most vendors to say that Y2K shouldn't be much of a problem for the rest of the year. Big Blue could be poised for another good report. Last quarter, IBM posted a blow-out quarter and handily beat Wall Street's estimates. The strong report pushed the stock to a new 52-week high. Milunovich said that IBM's revenue could rise 15%, the same as last quarter and above his forecast for 12% growth. The company will have easy comparisons in its PC business over a year ago, when computer makers suffered from oversupply, he said. And IBM's software and services remain strong. Add it up, and the analyst expects IBM to generate $19.2 billion in revenue and earn 88 cents a share, in line with the consensus estimate. Separately, IBM said it will sell its 50% stake in Dominion Semiconductor LLC to Toshiba for an undisclosed sum. The transaction is expected to be completed by the end of next year. Dominion Semiconductor was a joint venture between IBM and Toshiba. As for Dell, Milunovich said the direct seller of PCs could meet or slightly beat his earnings-per-share estimate of 17 cents, which is in line with the consensus forecast. He pegs Dell's revenue at $5.9 billion, compared to $4.3 billion a year ago. Sun Microsystems' report could deliver an earnings surprise. Milunovich said the company's results could beat its guidance for 19% revenue growth, and that orders could be up 19%. He expects the company's revenue to rise 21% from a year ago, to $3.5 billion. Milunovich is looking for earnings of 47 cents a share, a penny above the consensus forecast. At Hewlett-Packard, the analyst expects $12.1 billion in revenue, compared to $11 billion a year ago. He expects the company to earn 78 cents a share, a penny below the consensus estimate. Separately, HP announced Wednesday that it will make Hewlett-Packard Japan a wholly owned subsidiary. The company was formed in 1963 by HP and Yokogawa Electric Corporation. In a deal valued at $491.6 million, HP will purchase Yokogawa Electric Corporation's 25% stake in HP Japan. MR