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

To: Ian@SI who wrote (142993)	9/27/1999 10:01:00 PM
From: TechMkt	Read Replies (1) \| Respond to of 176387

DELL is doing GREAT in China, a market where they said THE DIRECT MODEL CAN'T WORK. Fez _____________________________________ Dell, Chinese Sales Up, Will Move Plant to Permanent Location Shanghai, Sept. 27 (Bloomberg) -- Dell Computer Corp., the world's largest direct seller of computers, said it plans to move its mainland China factory to a permanent location because sales in the world's most populous country have soared. Dell's personal computer factory in Xiamen, a city in southeastern Fujian province, which opened in August 1998, helped boost sales nearly six-fold in the April to June 1999 quarter compared with the same period last year, said Michael Dell, the company's chief executive and chairman. He didn't give a dollar amount. ``We're doing great,' Dell said. ``Selling direct we should have several hundred million dollars in revenue this year.' Dell's apparent success in China vindicates its direct-sales business model, which some critics said relied too heavily on credit card payments and shipping for a developing country such as China. While Dell is increasing its investment in Xiamen, adding 50 new employees a month, it isn't planning to set up manufacturing centers in other parts of the country. ``We don't see a niche for multiple facilities in multiple parts of China,' Dell said. At present, the company can offer next-day computer delivery to 800 cities in China, he said. Dell Stock rose 19 percent so far this year, compared with a 3.9 percent rise in the benchmark Standard & Poor's 500 Index. Last week, Dell stock fell 11 percent to 5 3/16. Sep/27/1999 4:40