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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: hlpinout who wrote (88977)	1/22/2001 8:15:54 AM
From: hlpinout	Read Replies (1) \| Respond to of 97611

Monday January 22 8:05 AM ET Dell Warns Earns to Be Below Forecasts NEW YORK (Reuters) - Dell Computer Corp. (NasdaqNM:DELL - news) warned on Monday that its fourth-quarter results would fall short of expectations as a result of the slowdown in the global economy and a slowdown in demand for computer products and services. Dell joins a slew of computer companies that have warned about or reported lower earnings. Apple Computer Inc. (NasdaqNM:AAPL - news), Compaq Computer Corp. (NYSE:CPQ - news), Gateway Inc. (NYSE:GTW - news) and Hewlett-Packard Co. (NYSE:HWP - news) have all said that the December quarter was a disappointment. Dell said it now expects fourth-quarter earnings of between 18 cents and 19 cents, down from its previous estimates of 26 cents. Analysts on average had been expecting fourth-quarter earnings of 25 cents a share, according to First Call/Thomson Financial. The Austin, Texas-based company said that it expects its fourth-quarter revenues to be up 25 percent to 27 percent on the year to between $8.5 billion and $8.6 billion, down from its previous estimates of $8.7 billion. Dell said that it sees quarterly shipments rising more than 40 percent from a year ago. It also said it plans to ''aggressively manage its cost structure.'' The company's shares were down at $23 in pre-open trade from $25-5/8 at their Friday close.