To: Patrick E.McDaniel who wrote (155622 ) 3/27/2000 10:50:00 AM From: calgal Respond to of 176387
Hi Pat! Here are Mort's comments from France, according to Reuters. :)Leigh "A top executive of Dell Computer Corp. said on Monday the company has recovered from a supply crunch of computer components that short-changed results for the past two quarters, and is comfortable with earnings projections for its first quarter and fiscal year ending January 2001." marketwatch.newsalert.com Dell says part shortages could return later in year Reuters Company News - March 27, 2000 09:55 CANNES, France, March 27 (Reuters) - A top executive of Dell Computer Corp. said on Monday the company has recovered from a supply crunch of computer components that short-changed results for the past two quarters, and is comfortable with earnings projections for its first quarter and fiscal year ending January 2001. Analysts polled by First Call/Thomson Financial expect Dell to earn 16 cents a share in the first quarter and 90 cents a share for the year. Mort Topfer, a Dell director and counsellor to Dell CEO Michael Dell, told an audience of money managers attending the annual SG Cowen Global Technology Conference here that parts shortages were no longer a threat to near-term results. However, he remains cautious that memory chip shortages could loom again in the second half of this year. Dell is "very comfortable" it will meet the recently lowered expectations for its first quarter and full year, he said. Round Rock, Texas-based Dell, long the fastest growing major supplier of personal computers, suffered shortfalls in results during the last two quarters tied to shortages of memory chips, notebook computer screens and advanced chips from Intel Corp. , its sole supplier microprocessor supplier. "I would say all of those problems are behind us," said Topfer, who recently stepped aside as a vice chairman of Dell. He was responding to a question put to him by SG Cowen analyst Richard Chu during the executive's conference presentation. Copyright 2000 Reuters Limited. All rights reserved.