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

To: Walcalla who wrote (146914)	11/10/1999 8:15:00 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 176387

Closing prices on Island ECN Book Viewer: newgritch.island.com

To: Walcalla who wrote (146914)	11/10/1999 8:16:00 PM
From: Mick Mørmøny	Respond to of 176387

Miltie DELL's expected earnings. See y'all tomorrow. Same time, same place. And let's hope this quarter is good, if not better. Mick $$$ Round Rock, Texas, Nov. 10 (Bloomberg) -- Following is the outlook for Dell Computer Corp.'s fiscal third-quarter earnings, which are expected to be released tomorrow. Expected Earnings Dell will report that net income in the quarter ended Oct. 29 fell to an estimated 11 cents to 13 cents a share because of costs associated with an acquisition. The world's biggest direct-seller of personal computers had net income of $348 million, or 14 cents, in the year-earlier period, adjusted for a 2-for-1 stock split in March. Analysts polled by First Call Corp. expect profit of 18 cents in the recent quarter excluding the acquisition costs. Dell has said it will take a charge of about 5 cents to 7 cents a share for the purchase of ConvergeNet Technologies Inc. The purchase was completed Oct. 27. Time Dell is expected to release earnings at about 4:15 p.m. New York time tomorrow. Behind the numbers Analysts predict Dell's sales will rise about 45 percent from the $4.82 billion a year ago. Dell warned investors Oct. 18 that third-quarter earnings would be hurt by rising prices for memory chips. Before the warning, most analysts expected the company to earn 20 cents a share. Dell's growth has slowed this year, slipping from the 50 percent increases it reported for each quarter in 1998 and 1997. What the Experts Say ''It's certainly not been a disastrous year. But when you look at some of the dot-coms and other technology issues, it's underperforming them,' said Tim Ghriskey, a portfolio manager for Dreyfus Corp., which owns about 3.8 million Dell shares. Previous Market Reaction Dell shares rose 8.4 percent Aug. 18, a day after the company reported a 47 percent rise in fiscal second-quarter profit, topping analysts' forecasts. Market Performance Dell, the best-performing member of the Standard & Poor's 500 Index in each of the past three years, is heading for its worst stock performance since 1993. The stock has risen 13 percent so far this year, compared with a 212 percent rise in the year-earlier period. The shares rose 7/8 to 41 7/16 in recent trading. \|