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

To: stockman_scott who wrote (168893)	2/23/2002 6:57:07 PM
From: puborectalis	Respond to of 176387

Dell Computer The PC is supposed to be dead. But don't tell that to Dell. Or to its quirky pitchman "Steven". ("Dude, you're gettin' a Dell.") The company continues to grab market share from struggling rivals Gateway, and ill-fated merger partners Compaq and Hewlett-Packard. The PC business has certainly been soft for the past year, and Dell did report a six percent year-over-year earnings decline in its latest quarter. But the company appears to be emerging from the slowdown. Revenue for the quarter gained 8 percent sequentially, safely ahead of estimates. And Dell's efforts to diversify seem to be working. Sales for its enterprise unit, which include servers, switches and storage devices, increased 12 percent from a year ago and now account for 18 percent of the company's total sales. For the year, Dell is expected to report an earnings increase of 15 percent, in line with its long-term growth rate. And for the first time in a long time, Dell's valuation is -- dare we say it -- almost reasonable. The stock trades at 32 times next fiscal year's earnings estimates. Party on, Steven.