Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kemble s. matter who wrote (156289)	4/13/2000 2:51:00 PM
From: calgal	Read Replies (1) \| Respond to of 176387

Hi Kemble! A little news! :)Leigh biz.yahoo.com Thursday April 13, 9:02 am Eastern Time Company Press Release Dell Financial Services Tops $3 Billion Dell's Joint Venture With CIT Celebrates Its Third Anniversary ROUND ROCK, Texas--(BUSINESS WIRE)--April 13, 2000--Dell Financial Services L.P. (``DFS'), Dell Computer Corporation's (Nasdaq:DELL - news) integrated financing and asset recovery provider, and joint venture with The CIT Group Inc. (NYSE:CIT - news; TSE:CIT.U - news), reports lease originations recently passed the $3 billion mark while celebrating its third anniversary on April 14, 2000. Dell Financial Services opened its doors to Dell customers in April 1997. By November 1998, DFS reported it had achieved $1 billion in lease originations. Just over one year later and within days of its third anniversary, DFS has tripled that number to over $3 billion. DFS has more than 340,000 lease contracts and a managed portfolio of over $3.2 billion. ``Dell Financial Services has grown to remarkable heights in its young life,' said Michael Watt, President of Dell Financial Services L.P. ``We have strived to integrate our goals and services with Dell's initiatives and that has proven to be successful. Because of our direct relationship with our customers, we have the unique opportunity to really listen to them and continually modify our processes to better suit their needs. In fact, we've talked to over a million prospective customers over the last three years -- something the channel-centric companies don't have the opportunity to do. We look forward to continued rapid growth.' DFS is a joint venture between The CIT Group, the world's largest publicly owned commercial finance company, and Dell, the world's leading direct computer systems company. DFS has financing capabilities in 30 countries in North America, Latin America, Europe and Asia/Pacific. DFS provides an array of services ranging from simple hardware leases to complex technology finance agreements that may include software, extra support, installation, and asset recovery services. For more information on DFS visit www.dell.com/dfs/. Customers who shop at the Dell online store at www.dell.com or call 800/BUY-DELL, can receive a monthly financing price as well as a purchase price on any Dell computer system. Dell Computer Corporation is the world's leading direct computer systems company, based on revenues of $25.3 billion for the past four quarters, and is a premier provider of products and services required for customers to build their Internet infrastructures. The company ranks No. 56 on the Fortune 500, No. 210 on the Fortune Global 500 and No. 3 on the Fortune ``most admired' lists of companies. Dell designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained on the World Wide Web at www.dell.com. With more than $50 billion in managed assets, The CIT Group Inc. is one of the world's largest commercial and consumer financing companies. More information on CIT can be found at www.cit.com. Dell is a registered trademark of Dell Computer Corporation. Fortune 500 is a registered trademark of Time Inc. Dell disclaims any proprietary interest in the marks and names of others