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


To: TechMkt who wrote (146937)11/11/1999 10:02:00 AM
From: BBG  Read Replies (1) | Respond to of 176387
 
RESEARCH ALERT - Dell buy rating, price reiterated

NEW YORK, Nov 11 (Reuters) - Salomon Smith Barney reiterated its buy rating and $60 price target for computer maker Dell Computer Corp. , the brokerage firm said on Thursday.

-- Dell is expected to report third quarter earnings after the market closes on Thursday. Salomon believes Dell will report earnings per share in line with its revised estimate and the consensus of $0.18.

-- Since Dell already has warned about its third quarter 2000 gross margin, revenue is on everyone's mind. If there is quarterly revenue weakness, there are three potential explanations: 1) insufficient component supply from Taiwan; 2) Y2K spending freezes; and 3) competition.

-- Shares of Dell were up 7/8 at 42-5/16 on the Nasdaq stock exchange.

((-- Barbara Etzel, New York technology desk, (212) 859-1860)) Rtr 09:50 11-11-99