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

To: Alohal who wrote (147388)	11/13/1999 4:21:00 AM
From: Herschel Rubin	Read Replies (1) \| Respond to of 176387

From the TSC article: "It [DELL] has an almost-perfect product lineup now, hobbled only by supplier-related delays in rolling out its new, high-style WebPC machine, which is going to be a big, big seller (as is, probably, Compaq's iPaq, introduced this week but also not yet delivered). " Those of you who listened to the Conf Call heard DELL mention their WebPC announcement would be "coming soon"... I would wager that they'll announce their WebPC this coming week because Thanksgiving Holiday is the biggest shopping time of the year and DELL will want to grab mindshare for this hot selling WebPC so they'll get some sales.

To: Alohal who wrote (147388)	11/13/1999 6:08:00 AM
From: Mick Mørmøny	Read Replies (2) \| Respond to of 176387

Alohal: From my very limited knowledge of the markets, I can only tell you that don't leave the islands before Thanksgiving Day without storing some DELL stocks in the freezer.(not an investment advice) The negative reports that you heard on Friday after a so-so quarter are plain matured coconut meat, piled up to dry under the tropical sun. You know the drill. Analysts are not held accountable for what they report. Most of them missed telling their clients to buy in the high 30s. Well, the truth is you and I didn't. What I fear the most now is when the missus sees the next trade confirmation that margin was used to purchase a city-block of DELL in the low 40s. I thought it was going thataway, but it went thisaway. Alibi: Just having some fun when the numbers were out. Counsel, you provide the (profit) motive. :-#) How do you say good luck in the islands? I definitely could use it. Take care and have some fun, too. Mick $$$ Dell Shares Fall on Outlook Worry NEW YORK (Reuters) - Dell Computer Corp. shares fell back in heavy trade on Friday after several Wall Street analysts expressed doubts about the computer maker's outlook, despite upbeat comments by executives late Thursday. The stock of the world's second-largest personal computer maker dropped 1-11/16 points to close at 41-3/4 as 43 million shares changed hands, or nearly twice the normal daily trading volume of the popular Nasdaq stock market issue. While most Wall Street analysts once again penned love letters to the high-tech giant, three brokers trimmed estimates slightly after detecting what they said was an air of caution in Dell's otherwise bullish outlook for the year ahead. Wall Street's attraction to Dell springs from the PC maker's repeated 40 percent-plus revenue growth, even as it approaches $25 billion annually, a powerful feat unmatched by any other $10 billion-plus company in the world. Bear Stearns' analyst Andy Neff cut his profit forecast for the next fiscal year to $1.00 per share from $1.05, saying executives had signaled a cautious outlook in a conference call with analysts Thursday after reporting third-quarter results. PaineWebber pared its earnings estimate for the current fourth quarter ending in January 2000 to 73 cents per share from 74 cents and reiterated his neutral rating. Merrill Lynch also shaved its fourth-quarter earnings estimate by one cent. ''For the fourth quarter, Dell believes that demand is strong, however, they lowered revenue guidance to 7 percent from 10 percent quarter-to-quarter,'' Robertson Stephens analyst Dan Niles said. ''We believe this is due to a decrease in government spending in the January quarter, as well as the potential softening of large corporate spending due to Y2K.'' Niles said he kept his earnings estimates unchanged, having cut his expectations in early October amid concerns about Dell's access to key computer components. ''Hardware profitability is under pressure and Dell is unable to offset it'' despite a favorable shift to more profitable products like consumer PCs and away from commercial PCs, PaineWebber analyst Don Young said in a note to clients. Dell officials repeatedly said after Thursday's third- quarter financial report that the company was poised to dodge the Year 2000 spending pause that was expected to hurt results at some computer rivals into early next year. They also said pricing key components was likely to stabilize in the fourth quarter ending in January and guided analysts to leave their estimates unchanged. ''Our outlook has not changed,'' Chief Financial Officer Thomas Meredith said. Dell shares rose to 47-7/8 [sic] in after-hours trading Thursday, up 1-1/2 from Thursday's regular session close, after the company reported results in line with expectations and said Year 2000 concerns would have no net impact on its results. Though outnumbered, the doubters overpowered the stock's defenders. Most brokers had reiterated Dell stock recommendations and left profit forecasts unchanged on Friday. These included CS First Boston, Salomon Smith Barney, Piper Jaffray, Morgan Stanley and Warburg Dillon Read. ABN AMRO even raised its rating to outperform from hold. Bear Stearns' Neff praised Dell's performance amid spiraling PC memory chip prices, the Taiwan earthquake, and flat panel display shortages that crimped Dell's otherwise impressive year-to-year revenue growth rate of 41 percent. In addition, the Round Rock, Texas-based computer maker said its Internet sales grew to 43 percent of revenue during the quarter, or $12 billion on an annualized basis -- enough to qualify the Web business for Fortune 125 status of its own. But looking ahead, Neff said Dell faced a number of challenges from competitors and profit margin pressure in its commercial PC business. He said Dell needed to expand further into services, Web site management and other growth areas that would propel the company beyond its base PC hardware business.