Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Van Winkle who wrote (140103)	8/20/1999 5:20:00 PM
From: TechMkt	Read Replies (1) \| Respond to of 176387

It's hard to stop a good idea. Fez ______________________________ First Union Hooks Up With Dell By PAUL NOWELL .c The Associated Press CHARLOTTE, N.C. (AP) - First Union Corp. is encouraging its 70,000 employees to buy personal computers so they can work at home and become more familiar with the company's online banking services. Offering $500 discounts on PCs made by Dell and loans at prime rate, or 8 percent, officials at the nation's sixth-largest bank believe the program will create a contented, more productive and computer-savvy work force. ''It's really taking off,'' Sandy Morgart, a vice president at the bank's training center, said Friday. ''We're averaging about 150 orders per week. And we're registered 3,000 hits to an internal bulletin board and more than 2,500 calls to a special toll-free hotline.'' The program began when officials at the training center were brainstorming for ideas to encourage new employees to use the bank's online products on their own computers. The bank has been making a strong push in online bill-paying, securities trading and other Internet-based products and services. While employees were training on the latest PCs at work, Morgart said, some did not have their own computers at home. Others own computers that weren't powerful enough to run the bank's software. ''We felt if they couldn't afford to buy them, let's find a way to make it more affordable,'' she said. ''First Union already is recognizing that our customer base is moving in this direction, and it's the same thing for our employees.'' Dell told First Union, ''the best participation rate they have achieved in this type of program was 50 percent at a company with 15,000 employees. We're hoping to match that,'' Mogart said. That would mean as many 35,000 new computer sales for Dell. First Union officials say they got the Dell computers at a big discount because they are buying so many of them. Dell spokeswoman Ann Birlin said the collaboration will benefit everyone involved. ''Some companies go a little further than others,'' she said. ''For example, Shell Oil went the extra mile by offering (computer) notebooks to its employees at a discount and they even helped pay for them for 12 months. I believe at least 30 percent of the workers went for it.'' Besides improving the skills of its workers, the program allows workers to hook into the office from home. ''We already have a lot of telecommuting happening across the company,'' Morgart said. ''And this is not just something for people with kids. Workers who are single also need a little balance in their lives, and this allows them to do their work the way they want to.'' AP-NY-08-20-99 1615EDT

To: Mike Van Winkle who wrote (140103)	8/20/1999 5:44:00 PM
From: edamo	Respond to of 176387

mike...nationalization=loss of investment? not really...every arab/persian gulf, central/south american and asean country has nationalized private investment/business from oil to minerals/mining and has not suffered loss of investment dollars doubt chinese government moving toward capitalism, nothing to benefit the populace. benefits in a regressive society never reach the populace...the proverbial have and have nots.... american attitudes and business methods restricted by federal law (as in the foreign corrupt practice act)limit american companies to sustain growth in certain areas...the more you make, the more they take...it's a part of culture....profits must be heavily shared. to proclaim "second largest market for revenues" in the highest political risk major market in the world is more like your nostradamus reference...perhaps dell knows the future of communism.....maybe ala armand hammer....what ever happened to his investments in communist countries....? "communism doesn't work even for dictators".......but in reality the dictator doesn't give up power until revolution....russia now a "democracy"...people can vote....leaders still corrupt...nothing has changed....ideology strong enough for prc to attack other countries...tibet, perhaps taiwan.....global dominance at any cost,even the mighty dell in a subservient position to the prc government,no "free" market....that is the charter...read your history........can't have a part communist government....all or nothing...very obvious.... agree political trouble no problem in prc...as long as the people live in fear of the government.....