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

To: TigerPaw who wrote (159595)	8/12/2000 10:47:12 PM
From: calgal	Respond to of 176388

Hi TP! RE: "Dell's next push is supposed to be to demonstrate to old economy businesses how to have not only a web presence, but a whole new philosophy of internet centered supplier and customer relations. It's hard to get a whole new focus to a company and this is one of the steps. Of course buying product from the old Dell Computer Corporation may be part of the solution, but the processes are to be the new product. TP" That was clear and concise! They are in a transition. What I expect is excellent leadership and company performance. The stock price will follow. Leigh Here is another article: Friday, 11 August, 2000, 14:43 GMT 15:43 UK Dell profits soar, shares plummet Dell has been shipping more computers than ever The boom times for the US tech sector is continuing - at least in the real world, if not in the stock market. The second biggest US computer maker, Dell, which has specialised in direct sales over the telephone and the internet, has reported higher than expected profits and sales for the second quarter of the year. The company said it had sales of $7.67bn, compared to $6.14bn in the same period last year. Profits rose to $603m, compared to $507m last time. Earnings per share were 22 cents, above analyst estimates. Dell says it has benefited from an improved product mix, with the company selling more computers to companies, and increasing its non-computer after-sales service income by 33% to $577m. Dell has been considered the bellwether stock in the computer sector, and seems to have recovered since warnings earlier in the year that shortages of computer chips could hit growth. But the stock market was not impressed. Shares in Dell plunged more than 9% on Friday, dragging down the Nasdaq index. Future revenue growth Dell has enjoyed a remarkable rate of growth since its launch by Michael Dell more than a decade ago. His own stake in the company, some 297m shares, is now worth more than $12bn. The company says it that is on track for "strong growth" in the second half of the year, when computer sales traditionally increase due to the Christmas season and the beginning of the school year. It predicted sales growth of 30% for the year as a whole. But some analysts have argued that the rate of growth is unsustainable, and have lowered their rating on the stock. Despite the strong growth, shares in Dell have underperformed the rest of the hardware sector. news.bbc.co.uk