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To: Elmer who wrote (139658)	7/19/2001 9:01:38 AM
From: jackrabbit	Read Replies (1) \| Respond to of 186894

Dell Says Revenue, Earnings for Fiscal Second Quarter Expected to be Within Previous Guidance Thursday July 19, 8:32 am Eastern Time Press Release AUSTIN, Texas--(BUSINESS WIRE)--July 19, 2001--Michael Dell will tell shareholders at Dell's (Nasdaq:DELL - news) annual meeting this morning that the company anticipates revenue and per-share earnings for the fiscal second-quarter 2002, which ends Aug. 3, will be within guidance given at the start of the quarter. Mr. Dell will tell attendees that company sales are expected to be about $7.6 billion, with per-share earnings of 16 cents, excluding a previously announced charge. That charge is now expected to be about $700 million, primarily made up of costs associated with job reductions, facilities consolidation and impairment of assets, including certain investments by Dell Ventures. Dell plans to announce full second-quarter results and comment on expectations for the third quarter on Aug. 16. Today's meeting starts at 9 a.m. (CDT) and can be viewed ``live'' online at www.dell.com/investor/. In the meeting's only proxy matter, shareholders will vote on candidates for four seats on Dell's board of directors. Mr. Dell plans to tell shareholders that the company is continuing to grow at a multiple of the industry rate around the world, and that Dell is offsetting somewhat softer industry demand with faster-than-planned progress in reducing operating expenses. More broadly, he will describe how the company's strategy based on industry-standard technology and efficient structure remain best suited for customers, shareholders and the company. ``We're winning new customers at an unprecedented rate across our business, and servers and storage products remain the fastest-growing parts of our business,'' said Mr. Dell before the meeting. ``We believe we're widening our lead as the No. 1 computer-systems company, and that Dell will again earn the majority of industry profitability during the second quarter.'' ``That's the type of performance that should create tremendous value for Dell shareholders over time.'' Mr. Dell said the company expects to earn the No. 1 share position in the U.S server market for the second straight quarter during Q2, and is closing in on the top global spot in servers. He also will tell investors that the Dell is best positioned to benefit from an eventual economic upturn and improvement in industry demand, the latter helped by the pending replacement cycle for business and home computer systems, and drivers such as Microsoft Corp.'s Windows XP operating system, Intel Corp.'s Pentium 4 processors, and broadband and wireless technologies. Prior to the meeting, Mr. Dell and other officials will show attendees current and forthcoming products, including the new PowerEdge 7150 server and Dell Precision 730 workstation, both of which use Intel's 64-bit Itanium microprocessor; and the Dimension 2100, an aggressively priced, Pentium 4-based desktop computer planned for introduction in August. biz.yahoo.com _______________________________ Someone please tell Dan Niles . . .