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

To: t2 who wrote (167710)	11/1/2001 12:15:31 AM
From: calgal	Respond to of 176387

Dell: High Single-Digit PC Growth Ahead Wednesday October 31 4:20 PM ET Analyst revises PC expectations, market to shrink for first time in 16 years - (ON24) NEW YORK (Reuters) - Industry-wide personal computer sales may be down this year, but they will turn up and over the next four to five years average in the high single- digit percentage range, Dell Computer Corp. (Nasdaq:DELL - news) chief executive Michael Dell said Wednesday. Dell, speaking to investors at the Prudential Securities technology conference, linked the current sales declines to the economic downturn and said the PC industry has faced the same kinds of doubts about its recovery in the past that it faces now. Global PC sales fell nearly 14 percent during the third quarter, Framingham, Massachusetts research firm IDC said recently. Dell, however, through an aggressive pricing campaign, gained market share during the quarter from its competitors. Michael Dell expects demand from consumers will push PC sales up in the fourth quarter. ``I believe the consumer selling season in the fourth quarter is going to be pretty good,'' Dell said. ``The fourth quarter is always a good quarter for consumers. I think it will be a good quarter this year, as well.'' Growth will be better for the broader industry in 2002, Dell said, citing a government economic stimulus package and the need for corporations to replace machines that are three to four years old as potential boosts to demand. ``We are relatively encouraged with what we see in terms of next year,'' Dell said. Looking out over the next four to five years, Dell suspects the industry's long-term growth rate is in the high single digits. Dell also said he sees more mergers and acquisitions in the computer industry. ``I think the likelihood of further industry consolidation is very high,'' he said. Dell's archrival, Compaq Computer Corp. (NYSE:CPQ - news), announced plans to merge with Hewlett-Packard Co. (NYSE:HWP - news) in September. Dell is due to announce earnings for its third quarter ended Nov. 2 on Nov. 15. Dell declined to comment on guidance the company gave at the beginning of October for earnings of 15 cents to 16 cents on revenues of $7.2 billion to $7.6 billion. dailynews.yahoo.com

To: t2 who wrote (167710)	11/1/2001 8:02:13 AM
From: GVTucker	Read Replies (1) \| Respond to of 176387

NewVision, RE: He seems to suggest that most mutual funds also have the October 31 year end, which coincides with the selling for tax reasons for this year. Except very, very few mutual funds care about taxes. Almost every mutual fund manager is compensated based upon A) how large his fund is and B) what his performance is. Taxes don't enter into the equation. Yes, there are some tax conscious funds out there, but they are a minor speck right now in the mutual fund universe. In addition, the other large pools of cash in the institutional universe doesn't care about taxes because there aren't any for them--pension funds and endowments. Tax selling is an important issue for sure, but it is most relevant for smaller cap stocks that are heavily owned by individuals. In this case, the tax selling hasn't even started yet. His point was that investors are reluctant to put money into stocks until after the end of October because people have gotten hit with capital gains when jumping into the funds in October. That is a good point, although I doubt that there are too many capital gains in the mutual fund world this year.