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

To: kemble s. matter who wrote (158904)	7/27/2000 7:56:06 AM
From: Patrick E.McDaniel	Read Replies (3) \| Respond to of 176387

Dell sets up Indian subsidiary, to sell direct NEW DELHI, July 27 (Reuters) - Dell Computer Corp (NasdaqNM:DELL - news) said on Thursday it had set up a wholly-owned subsidiary in India to directly sell its computers in the country, so far sold through partners. ``The company...is now in the midst of putting infrastructure in place and completing all business, tax and other related procedures...including invoicing customers in Indian rupees,'' the firm said in a statement. Dell has invested around $2.5 million in the Indian operations, most of it for sales and support infrastructure. Earlier, its products were sold through local partners, notably Tata Infotech Ltd . Dell will initially focus on its global customers, large corporations, government agencies, educational institutions and software developers, all of whom will be billed in Indian rupees. Dell's President for the Asia-Pacific and Japan, Chip Saunders, told a news conference the company had no plans to set up a manufacturing facility in India and would service its orders from its plant at Penang in Malaysia. However, the company could consider tying up with local partners for sourcing of components, Saunders said.