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

To: LENNY PADRON who wrote (147422)	11/14/1999 10:36:00 AM
From: Sr K	Read Replies (1) \| Respond to of 176387

LP, this report referred to Q2 so it's 90 days old. After Q3's report and Friday's stock action, Bloomberg reported: ... Chief Financial Officer Tom Meredith indicated that sales in the fourth quarter will rise 7 percent from the $6.78 billion in the third, less than the 10 percent analysts expected, said Dan Niles at Robertson Stephens & Co. At the same time, profit margins, hurt because of higher component costs and lower PC prices, won't fully recover in the fourth quarter. ``This has been a slow bleed,' said Niles, who has a ``long- term attractive' rating on Dell. ``First they brought down margins, now they're bringing down the revenue.' Meredith, who spoke to analysts and investors yesterday on a conference call following Dell's third-quarter earnings report, didn't offer an explanation for the slower revenue growth. ...