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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (121486)	8/2/2000 10:50:31 AM
From: tejek	Read Replies (1) \| Respond to of 1574768

DELL downgrade biz.yahoo.com Kumar? steve, Its been expected. I don't think Kumar covers the boxmakers, besides he wouldn't go after Intel, now would he? ted

To: steve harris who wrote (121486)	8/2/2000 11:30:05 AM
From: tejek	Read Replies (1) \| Respond to of 1574768

Kumar? Steve, Sorry, I was wrong...... ____________________________________________________________ Dell Cut to `Buy' by US Bancorp's Ashok Kumar; Shares Fall Round Rock, Texas, Aug. 2 (Bloomberg) -- Dell Computer Corp. shares fell as much as 6.8 percent after an analyst said the No. 1 direct-seller of personal computers might be unable to meet sales growth expectations because of weak demand for PCs. Dell shares fell 2 37/64 to 38 63/64 in early trading after declining to 38 3/4. They had fallen 19 percent this year through yesterday. Dell lacks ``adequate earnings power in notebooks, server and non-system revenue'' to offset weakness in consumer and commercial desktop PCs, said Ashok Kumar, a U.S. Bancorp Piper Jaffray analyst. ``We're skeptical that the company will be able to meet 30 percent revenue-growth projections on a sustainable basis.'' Kumar cut his rating on Dell's stock to ``buy'' from ``strong buy.'' Industrywide, second-quarter PC unit shipments rose 14.5 percent from the year-earlier period, said IDC Corp., a market-research company. IDC had expected growth of slightly more than 15 percent. Dataquest Inc. said global shipments rose 18 percent, below its forecast for 18.5 percent. IDC said U.S. shipments rose 7.2 percent, while Dataquest pegged U.S. growth at 11.5 percent. Aug/02/2000 9:50 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2000 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.