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

To: stockman_scott who wrote (162956)	11/30/2000 2:02:13 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176388

November 30, 2000 1:24pm (HP reiteration) HP reiterates sales, earnings targets; investors keep selling By Larry Barrett ZDII Hewlett-Packard tried to give the technology sector a shot in the arm Thursday when it reaffirmed its sales and earnings estimates for the first quarter. The problem is those estimates didn't impress investors in the first place. Hewlett-Packard (NYSE: HWP) shares were off $3.63, or 10 percent, to $30.94 shortly after the announcement. The stock fell to a 52-week low of $32.63 earlier this month following its disappointing fourth-quarter earnings report. HP missed analysts' estimates by 10 cents a share when it posted a profit of 41 cents a share on sales of $13.3 billion. Sound off here!! Post your comment Latest News on HWP HP reiterates sales, earnings targets; investors keep selling... Hewlett Packard reaffirms 2001 revenue, earnings outlook... HP Reaffirms 2001 Guidance; Company Comfortable With First Quarter Consensus EPS Estimate... HWP: News Profile Chart Estimates On Thursday, HP reiterated that it would post sales growth of between 15 percent to 17 percent from the year-ago period with gross profit margins likely to fall between 27.5 percent to 28.5 percent. It also said it's comfortable with the current First Call Corp. consensus estimate of 44 cents a share in the first quarter. "Unlike some of our competitors, HP is far more than a U.S.-centric consumer PC company, with less than 10 percent of our business in this segment," said CEO Carly Fiorina in a prepared release. "The fact is, we anticipated that the bulk of our growth in fiscal 2001 will be driven by strong momentum in our Internet infrastructure and printing businesses." Following HP lackluster fourth-quarter results, Fiorina took full responsibility for the shortfall. The $13.3 billion in sales was only a 13 percent improvement from the fourth quarter of 1999. Worse yet, operating expenses rose 17 percent, far above the company's guidance of 9 percent to 12 percent. At the time, HP said higher-than-expected October selling costs, margin pressures and the soft euro were the biggest liabilities. Looking ahead, HP said it sees operating expenses rising 10 percent to 12 percent from the year-ago period. "We foresaw a significantly different market environment in 2001, and accordingly planned for only single digit growth in our U.S. retail PC business," Fiorina said. "While softness in that market has been somewhat greater than we had originally anticipated, we are still experiencing growth over record fiscal 2000 sales levels and our sales this Thanksgiving week were ahead of last year." HP's decision to comment on its first-quarter and fiscal 2001 sales undoubtedly stems from Gateway's (NYSE: GTW) stunning profit warning after the bell Wednesday. Gateway said that it will miss analysts' estimates by 25 cents a share in its fourth quarter. Sales will check in around $2.55 billion, roughly $500 million below estimates. HP shares moved up to a 52-week high of $78 in April.

To: stockman_scott who wrote (162956)	11/30/2000 2:23:10 PM
From: D.J.Smyth	Respond to of 176388

NPD Intellect showing that total October PC unit sales in the distributor, retail and mail order channels declined 13% year-over-year" oh bull. NPD studies are limited to participating retailers and point-of-sale sights. Dell does not participate with NPD, thus NPD does not include ANY of Dell's point-of-sale data. How can RStephens conclude that Dell is doing poorly based on a market research firm which does NOT include Dell data? from NPD's site: The backbone of NPD INTELECT's methodology is a comprehensive panel of cooperating retailers and resellers that provide census, point-of-sale data. That combined with a sophisticated projection system, to account for missing pieces of the market, yields a consistent picture of month-to-month market changes. The model-by-model and channel-by-channel information reveals feature and price point trends via standard NPD INTELECT reports and segmentation software. intelectmt.com That combined with a sophisticated projection system, to account for missing pieces of the market do you know how difficult it is to account for the "missing pieces" of the market wherein THE MARKET LEADER's sales continue unabated and those following the leader's reporting do not? the probability of error for the LEADER increases by a whopping 20%!