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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Barry Grossman who wrote (86953)	8/17/1999 4:57:00 PM
From: Burt Masnick	Respond to of 186894

Dell 2Q beats estimates No. 2 PC maker posts 47-percent rise in profits as Net sales soar August 17, 1999: 4:35 p.m. ET NEW YORK (CNNfn) - Dell Computer Corp. Tuesday reported a 47-percent jump in fiscal second-quarter profits, topping Wall Street estimates as sales over the Internet continue to soar at the No. 2 maker of personal computers. The Round Rock, Texas-based company earned $507 million, or 19 cents a share. Analysts polled by First Call expected Dell (DELL) to earn 17 cents a share in the quarter. Revenue surged 42 percent to $6.1 billion. Dell easily outperformed its year-ago results, when it logged a profit of $346 million, or 12 cents a share, on $4.3 billion in revenue. Dell shares slipped 5/16 to close at 41-1/8 prior to the earnings announcement. In after-hours trade, Dell shares rebounded and were trading at 43-1/8. The leading direct seller of PCs said sales over the Internet reached $30 million a day in the quarter, representing nearly 40 percent of its total revenue. Dell said shipments of personal computers increased 55 percent, two times analyst estimates of total industry growth. "Our U.S. consumer shipments grew more than 100 percent in the quarter, and about one-half of those sales were generated online, through www.dell.com," said Michael Dell, company chairman and chief executive officer. Gross margins rose slightly from first-quarter levels, 22 percent from 21.5 percent, even as the average revenue per PC unit declined to $2,200 from $2,300. For the first half of fiscal 2000, Dell earned $941 million, or 34 cents a share, on $11.7 billion in revenue, compared with a first-half 1999 profit of $650 million, or 23 cents a share, on $8.3 billion in revenue.

To: Barry Grossman who wrote (86953)	8/17/1999 5:43:00 PM
From: Joey Smith	Read Replies (2) \| Respond to of 186894

Barry, re:I'm starting to wonder when Intel is going to announce a revised upside forecast for 3Q99. If i was a betting man, I'd say there are pretty good odds we'll see one within the next couple of weeks...all lights are green this qtr. i'm wondering if/when Niles will change his tune on Intel. He must be getting some good info since he hit Dell's revenue numbers on the head. Intel remains the big, red mark on his record. joey