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

To: rudedog who wrote (161451)	10/3/2000 11:44:39 PM
From: Chris McConnel	Respond to of 176387

Rudedog, Good Fortune article. Here's a positive word from Jim Seymour from TheStreet.com. thestreet.com -------------------------------- Also on the theme of component shortages, Dell (DELL:Nasdaq - news - boards) CEO Michael Dell told an audience in Hong Kong Monday that the company is seeing surpluses of some key components, such as DRAMs, after competitors overbought. Dell is now picking up those parts cheap, on the spot market. He also inferred that Dell isn't worried about shortages. On the other hand, Dell is now reaping the rewards of the multiyear supply contracts it has signed with such primary suppliers as Toshiba and IBM. These deals, usually valued by the principals in the $3 billion to $5 billion range, are real winners for Dell, locking up supplies of key components for years ahead -- while not actually requiring Dell to buy anything like that much gear. The rich get richer ... By the way, with Dell now under $30, I get a steady trickle of emails from RealMoney.com readers asking if, as I said early in the year, I still expect to see Dell trading in the $70s by the end of the year, based on the strength of its server and storage businesses. No, of course not. Missed that one. But those businesses are strong and getting stronger, and when Dell starts to move back up, it will be largely on the backs of those two lines of business. Plus, its blooming notebook business. I should also add that Dell said Monday he still sees the company hitting its 30% revenue-growth prediction for this year.