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

To: Patrick E.McDaniel who wrote (156112)	4/6/2000 5:00:00 PM
From: calgal	Respond to of 176387

Hi Pat! The latest. I don't see the negative. :)Leigh "Analysts said they did not expect Dell to raise the bar for revenue growth, which it recently lowered when reporting on the fourth quarter. But they did say Dell was growing fast in the servers and other back-end computing market." cnbc.com - UPDATE 1 - Dell outlines strategic shift to servers (adds details, background) NEW YORK, April 6 (Reuters) - Dell Computer Corp. (DELL.O) on Thursday said its new line of "back office" services and hardware would help it capture a share of the hot, new business computing market and offset falling margins in its personal computer business. The Round Rock, Texas-based company hopes to expand from the desktop, or "the edge" of the Internet, to the computers that drive Web functions and traffic, known as "the core" of the Internet. "Clearly we see ourselves growing faster in the core space than at the edge and expanding into what is obviously a huge market," Dell Chairman and Chief Executive Michael Dell said in an interview after his presentation to analysts. Chief Financial Officer Jim Schneider said on Thursday he did not plan an immediate change of the company's goal for 30 percent revenue growth this fiscal year, despite the new lineup "back office" products and services that support Web sites. "The initiative we talked about today should give you more confidence of our ability to hit that guidance," he said, speaking to Wall Street analysts. Schneider also reiterated that gross margins in the current first quarter would be slightly better compared with the year before and that operating expenses would be slightly higher in the first and second quarters of the year. Dell on Wednesday unveiled a new line of appliance servers -- computers dedicated to specific "back office" functions in running a Web site. Analysts said they did not expect Dell to raise the bar for revenue growth, which it recently lowered when reporting on the fourth quarter. But they did say Dell was growing fast in the servers and other back-end computing market. "We think the PC server market will grow about 25 to 30 percent over the next year and we expect Dell to grow almost two times that rate," said Solomon Smith Barney analyst Richard Gardner. "In contrast, we see Dell's desktop business in the 5 percent range." Dell shares were up 45/64 at 54-5/8 in early afternoon trading on Nasdaq. REUTERS Rtr 16:35 04-06-00 ¸Copyright 1999 Reuters Limited.