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

To: calgal who wrote (156120)	4/6/2000 11:06:00 PM
From: Patrick E.McDaniel	Respond to of 176387

Leigh, Double your pleasure double your fun!!!! In a detailed hashing-out of Dell's new server-centric business strategy, executives repeated that by tilting its product mix away from PCs and towards the more lucrative Web server market, the company would improve its overall profitability and growth. However, those results probably won't kick in until later this year. During another morning presentation, Vice Chairman Kevin Rollins said the new initiatives could "double the size of this company over the next several years." Dell executives defined for analysts and investors an "extended" market that includes computer hardware, services and Internet hosting jobs valued at about $1 trillion by 2003. Chief Financial Officer Schnieder said Dell currently holds about 3% of that overall market. But, he added, "if you could imagine Dell having just 10% of this extended market (by 2003), what will Dell look like? I'll leave that for you to ponder." Dell executives also detailed some of the pricing of the new servers, which will be aimed at powering Web sites and Internet commerce for businesses. The company's entry-level Web server offering will be priced at about $1,600 and its Windows-based Web server will cost $2,499. The company plans to start selling the new products in May. To market the new products, Dell will also form a new sales force group that will be more technologically savvy than its predecessors. "We are in the process of constructing a new sales entity that will define this space," Vice Chairman Rollins said. "I wouldn't really call him a sales rep - it's really a higher level of sales contact." Separately, Vice Chairman Jim Vanderslice said that, as of March 31, Dell had $2 billion in unrealized gains from stock investments in publicly traded start-up companies. So far, he said, Dell has invested about $700 million in more than 90 public and private companies.