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

To: jumper who wrote (163969)	2/7/2001 10:25:08 AM
From: kaka	Read Replies (1) \| Respond to of 176387

Dell soars on IBM takeover rumour SAN FRANCISCO (AFX) - Shares in Dell Computer Corp soared in late trading, amid rumours that International Business Machines Corp may be considering a bid for the company, said dealers, although analysts said a IBM/Dell deal is unlikely to emerge. At 3.55 pm in New York trading, Dell rose 2-7/16 or 10 pct to 26-7/8, while IBM gained 2.01 usd to 114.23 and Gateway added 1.02 usd or 5.2 pct to 20.70. The Nasdaq composite was 22.56 pts higher at 2,665.77 and the DJIA fell 5.02 to 10,960.83. "Rumour has it that IBM may be taking a peak at someone like Dell," said Art Hogan, chief market strategist at Jefferies & Co. Art Russell at Edward Jones, however, called an acquisition of Dell by IBM "far fetched", although he noted that similar speculation has in the past circulated about the two companies. A deal between Gateway Inc and Dell would, according to Russell, make more sense than a merger of Dell and IBM. Russell sees the greatest synergies between Dell and Gateway, as both companies have direct models and complementary market segments Morningstar's Joe Bealieu agreed a Dell/IBM deal is unlikely. "That would be a huge surprise because companies in the sector are trying to get away from the PC rather than get more exposure to it," Beaulieu said.