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

To: calgal who wrote (150039)	12/31/1999 5:26:00 PM
From: kemble s. matter	Respond to of 176387

Hi!! ......CONGRATULATIONS TO DELL COMPUTER..... Dell Tops List of S&P 500 Best Performers in 1990s New York, Dec. 31 (Bloomberg) -- Dell Computer Corp., the No. 1 direct seller of personal computers, is the best-performing stock this decade in the Standard & Poor's 500 Index. A $5,000 investment in the Round Rock, Texas, company at the end of 1989 would be worth $4.5 million today. The stock returned 88,918 percent in that time. ``They have the best business model for selling PCs,' said Alan Loewenstein, co-manager of the John Hancock Global Technology Fund, which held 451,000 Dell shares as of the end of April. ``Michael Dell was able to see that if he could lower his costs, their profits would increase.' Unlike its competitors, Dell builds computers only when it has received an order from a customer, allowing it to keep little inventory in its factories. Accounting for stock splits, Dell shares sold for 5.7 cents each at the end of 1989. The stock closed today to 51. Loewenstein, whose fund is up 129 percent this year, said Dell is still worth buying because ``it's one of the few relatively cheap technology stocks.' Dell sells for about 50 times next year's expected earnings per share, and the company is expected to post 40 percent profit growth. Dec/31/1999 15:38