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

To: kemble s. matter who wrote (156699)	5/2/2000 2:59:00 PM
From: calgal	Respond to of 176387

Dell expects late European rebound news.cnet.com. By Reuters Special to CNET News.com May 2, 2000, 9:20 a.m. PT NEW YORK--Dell Computer is not likely to see a recovery in Europe, a region that recently has hampered growth for the personal computer maker, until the second half of 2000, an executive said today. "We see a few quarters before (European) growth rates are equivalent to the rest of the company," Mort Topfer told an audience in response to a question posed at a Merrill Lynch computer technology conference here. Topfer, Dell's former vice chairman, is a director and advisor to chief executive Michael Dell. "We see in the third quarter and the fourth quarter a recovery there," he added. In the fourth quarter of the fiscal year ended in January, revenues in Europe grew just 8 percent over the first quarter of 1999, well below the company's overall pace of better than 30 percent annual growth. Dell brought in new regional management in February. Topfer had little comment on first-quarter results ahead of the company's report, which is scheduled to be released May 11. He said that component availability, which has hamstrung profit margins in the past, freed up during the quarter ended in April but could return as a problem later in 2000. "We see some possible pricing pressures in the second half," he said. Story Copyright ¸ 2000 Reuters Limited. All rights reserved