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

To: D.J.Smyth who wrote (162323)	10/24/2000 10:24:07 AM
From: D.J.Smyth	Respond to of 176387

IDC's expected 25% growth in corporate sales for next year doesn't happen overnight. businesses are beginning the planning process now, lining up their expected order ducks

To: D.J.Smyth who wrote (162323)	10/24/2000 12:11:15 PM
From: kaka	Read Replies (3) \| Respond to of 176387

Dell Management: "Through the first two months of the current quarter, Dell's European demand has been weak and growth in sales to worldwide small-business customers, though much faster than the industry rate, has been somewhat short of internal plans." Actually: "Dell's shipments in Europe, Middle East and Africa rose just 4.1 percent." Third-Quarter PC Shipments Rise Less in Europe Than Worldwide London, Oct. 24 (Bloomberg) -- Personal computers shipments in Europe, the Middle East and Africa rose 13 percent in the third quarter, less than they did worldwide, as businesses were slow to resume purchases and replace older models, a report said. Shipments in Western Europe alone rose just 11.7 percent from the year-ago period, compared with the 18 percent gain worldwide, said the researcher IDC. Sales failed to rebound, except in the U.K., after many European businesses delayed computer spending because of concerns related to the year 2000 date change. Companies aren't expected to use Microsoft Corp's new operating system, Windows 2000, before next year and were slow to invest in new models, IDC said. ``If we are starting to see desktop and server investments slowly picking up, we do not expect any significant rebound in business demand and/or Windows 2000 rollouts before the first half of 2001,'' said Karine Paoli, a manager at IDC, in a statement. Shares of Intel Corp., the world's largest computer-chip maker, had their biggest-ever drop last month after it said third- quarter sales would miss forecasts because of weaker demand in Europe. Dell Computer Corp., the No. 1 direct PC seller, this month said its sales also were lagging expectations because of slow European sales. The slower sales in Europe, Africa and the Middle East mostly stemmed from weak demand among businesses for desktop computers and servers, IDC said. Consumer sales were stronger, partly because of increasing Internet access. Shipments of laptops to both consumers and companies rose more than 40 percent. Vendors of laptops and consumer PCs, including Apple Computer Inc., Toshiba Corp., Acer Inc. and NEC Corp., were the best performers in the region, IDC said. International Business Machines Corp.'s shipments rose 22 percent, as the No.4 computer maker in the region gained market share in France, Italy, Eastern Europe and the Middle East. Hewlett-Packard Co., the No. 5, had a 30 percent gain in shipments. Slow Shipments Shipments for Compaq Computer Corp., the leader in Europe, the Middle East and Africa with 17.1 percent of the market, rose just 7.9 percent. Fujitsu Siemens Computers' shipments fell 7.4 percent. The venture between Siemens AG and Fujitsu Ltd. was hurt by Germany, where demand for business desktop PCs slowed because of ``decreasing confidence in the economy,'' IDC said. Dell's shipments in Europe, Middle East and Africa rose just 4.1 percent. Most vendors were hurt by the weakness of the euro. They earn less money on overseas sales when the proceeds are converted back to U.S. dollars at home. The euro lost 7.3 percent of its value against the dollar during the quarter. France suffered the most from slow demand from businesses in the region, IDC said. French sales of servers, the large computers that run networks, fell compared with the year-ago period. Oct/24/2000 10:28 ET