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

To: calgal who wrote (150163)	1/3/2000 4:28:00 PM
From: Dorine Essey	Respond to of 176387

Hi Leigh, Kemble and WMB have been telling us for a very LONG time that DELL is the BEST. High-tech spending boom seen as Y2K fears fade ------------------------------------------------------------NEW YORK, Jan 3 (Reuters) - The prospects for a Year 2000 boom in spending on computers and other high-technology equipment have improved now that the world has seen in the new millennium with few signs of significant computer problems, industry sources said on Monday. Armies of computer programming specialists who spent months and in many cases several years detecting and eliminating possible Y2K bugs can now turn their energies to other projects that had been shelved until the new year. And the time and money spent on Y2K issues means that many companies have created more secure computer systems from which to expand onto the Internet in what amounted to the greatest computer modernization crusade yet seen. "I think we are now going to see organizations moving in a big way, especially in electronic commerce," said Dale Vecchio, an analyst at market research company Gartner Group, which has taken the lead in publicizing the Y2K repair issue since 1996. "The largest and the oldest had built up an information technology garage full of stuff and now having cleaned it out it is going to be much easier for them to implement new systems." Stamford, Conn.-based Gartner Group advises nearly 10,000 of the world's biggest corporate organizations on technology spending issues. Vecchio said recent moves by major companies such as auto giant General Motors Corp. GM.N to form business-to-business commerce systems were likely to prompt related companies to ramp up orders for electronic equipment as they enhance their own Internet presences. "By integrating the whole supply chain on the Web, companies like General Motors are going to have a huge effect," Vecchio said, Dell Computer Corp. DELL.O, the world's No. 2 maker of personal computers, sees demand for computer hardware across the industry growing in about the "mid-teens" in percentage terms this year. International Data Corp., another technology market forecaster based in Framingham, Mass., recently forecast that Year 2000 PC shipments would grow nearly 20 percent compared with 1999, which is estimated to have grown 23.5 percent from the prior year. "The net effect (of Y2K) is probably going to see the industry demand grow," said Dell spokesman T.R. Reid. "In calendar 2000 things bode very well for this industry. "We have been saying for some time that we didn't think Y2K would have a meaningful net effect on system demand overall." Reid, who declined to give a specific forecast for Dell's orders, said that clearly some companies had delayed projects because of Y2K bug concerns, but others had spent additional money on system upgrades linked to the issue. Dell has focused on boosting computers sales to consumers and small- and medium-sized businesses, which are less likely to be subject to the temporary Y2K year-end spending pauses that some large corporations have put in place. The introduction of Microsoft Corp.'s MSFT.O Windows 2000 operating system in February and the growing embrace of the Internet by leading companies will also boost demand for computer systems, Reid said. Dell's technical support help lines were not as busy with customer calls on the Y2K weekend as they are on a normal weekend, Reid noted. REUTERS Rtr 15:47 01-03-00