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

To: rudedog who wrote (155467)	3/22/2000 12:33:00 PM
From: Frank E W	Respond to of 176387

ot It must also have a gun rack in the back window :))

To: rudedog who wrote (155467)	3/22/2000 12:57:00 PM
From: calgal	Respond to of 176387

Rudedog: austin360.com Dell's stock reaches high as analysts' fears settle By John Pletz American-Statesman Staff Posted: March 22, 2000 After treading water for a year, Dell Computer Corp.'s stock is on the move again. On Tuesday, Dell stock closed at $58, up 31cents. That's a long way from the doldrums of $35.56 that Dell hit on Feb. 9, the day before it reported fourth-quarter earnings per share that were 31 percent below expectations. "It broke through the ceiling of $55," said Amir Ahari, an analyst US Bancorp Piper Jaffray. "It had been trading between the mid-$40s and mid-$50s. It's going back up." Dell is rebounding from both the earnings shortfall and a tough second half of 1999 in which it suffered from component shortages and Year 2000 fears. Last week, Chief Executive Michael Dell said both issues were fading. "I think people are figuring out (Dell's) business isn't going away and it was pretty strong to begin with," said Lou Mazzucchelli, an analyst with Gerard Klauer Mattison & Co. "They were in the doghouse for a while. "I thought they were unduly penalized all last year when people thought Y2K was going to get them or something else was going to get them." A half dozen analysts have upgraded their ratings on the stock this month, predicting stock prices in the low $70s. Analysts also seem to have digested Dell's message that the company's growth is likely to be in the lower 30 percent range, not the 40 percent or 50 percent increases of previous years. "With estimates lower and the current quarter looking solid, Dell looks ready to get back on its old path of consistently meeting or beating estimates and periodically generating estimate increases," Banc of America analyst Kurt King wrote in his research note. Analyst Richard Gardner of Salomon Smith Barney predicted Monday that Dell would probably beat earnings estimates. "I think the stock has always been underappreciated," said US Bancorp's Ahari. "Fundament- ally, the company is sound. They're still making more money than anyone else selling a commodity product. Dell wasn't the only victim last quarter of supplier and memory issues." Dell also is working hard to position itself as a key supplier to e-commerce companies, recently launching a new division to target that market. In the past several months, it has made numerous investments and partnerships with e-commerce companies. "We've said many times markets are pretty efficient at valuing companies over time," said Dell spokesman T.R. Reid. "It does appear as if there's a growing appreciation for the current and longer-term opportunity that's out there associated with the buildout of Internet infrastructure and the role we can play in it." Even though Dell's stock is up about 50 percent in the past six weeks, it's a long way from the $100 range that has been the trigger for stock splits in recent years.