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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (31414)5/11/2000 2:00:00 PM
From: Mao II  Read Replies (1) | Respond to of 50167
 
Jim: Cast your eye over the SOXX index and reveal all! M2



To: James Strauss who wrote (31414)5/11/2000 8:01:00 PM
From: IQBAL LATIF  Read Replies (2) | Respond to of 50167
 
The Night Watch: Dell Parties Hearty on Upside Earnings Surprise
By Angela Privin
Staff Reporter
5/11/00 7:38 PM ET

What is a multibillion-dollar computer behemoth to do to attract buyers? Isn't it enough that Dell (Dell:Nasdaq - news - boards) busts its circuits to make the best darn personal computer products it can?

Now it is joining America Online (AOL:NYSE - news - boards) and Pearson to invest in a $30 million round of equity financing for Internet e-learning infrastructure company Blackboard.

Fickle financiers played it cool during the day, punishing Dell 1/4 to 44 11/16 for being so eager to please. But investors reached into their pockets after hours when Dell said net income rose to $525 million, or 19 cents a share, from $434 million, or 16 cents, a year ago. Analysts expected earnings per share of 16 cents. Revenues rose 31% to $7.28 billion from $5.54 billion in the year-earlier quarter.

Dell delivered its first steady performance after two shaky quarters thanks to strong sales in North America and Asia. European business was sluggish, growing only 17%.

Previously, the world's second-largest computer maker warned that future revenue growth might drop to the 30% range from more than 50%.

Dell enjoyed the late-night attention, topping Island's volume chart and racking up 3 popularity points to 47 11/16 on 589,600 Island shares. It gained the same amount on even heavier volume on Instinet.