Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (5655)	10/4/2000 5:10:05 PM
From: DepyDog	Respond to of 65232

Dell Q3 sales to fall below estimate Predicts Q4 profit per share shortfall of one to two cents By Myra P. Saefong, CBS.MarketWatch.com Last Update: 5:02 PM ET Oct 4, 2000 NewsWatch Latest headlines ROUND ROCK, Texas (CBS.MW) - Dell Computer said late Wednesday that it expects third-quarter revenue to fall 3 percent below expectations due to weak European demand and slower-than-anticipated global sales growth. After the market closed, the direct-sales computer systems giant (DELL: news, chart) said that both European demand weakness and global sales slowing occurred through the first two months of the current quarter. However, it said third-quarter revenue would still meet with a 7-percent sequential growth rate. Additionally, fourth-quarter earnings per share could be one to two cents below company targets, Dell said. The First Call survey of analyst pegs that quarter's expected profit at 28 cents. However, the company is still "on track" to meet its third-quarter profit target, Dell said. Analysts surveyed by First Call expect per-share earnings of 25 cents for the quarter. On Sep. 22, Dell Computer Chairman and CEO Michael Dell said that he had no reason to change its outlook for the current quarter. This announcement came in the wake of Intel's (INTC: news, chart) profit warning. Ahead of the news, shares of Round Rock, Texas-based Dell closed at $28.19, down 38 cents. Dell estimates full-year revenue at $32 billion If weak sales persist into the fourth quarter, Dell's full-year revenue could be $32 billion, an increase of about $7 billion, or 27 percent, from sales for fiscal 2000, the company said.