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

To: Sig who wrote (170130)	7/11/2002 5:22:39 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

Dell raises guidance for Q2 earnings, revenue AUSTIN, Texas, July 11 (Reuters) - No. 2 personal computer maker Dell Computer Corp. (NasdaqNM:DELL - News) on Thursday raised its guidance for earnings and revenue in the second quarter, saying it has continued to gain market share from competitors. Dell now sees second-quarter revenue of $8.3 billion, up about 9 percent from last year, and earnings of 19 cents per share, an increase of 19 percent excluding a special charge in the year-ago quarter. The second quarter ends Aug. 2. On May 16, Dell guided investors to revenue of $8.2 billion and 18 cents per share. Earlier this week it backed that guidance. Dell said it believes it is continuing to gain market share in the midst of weak overall demand. Dell sells personal computers and large computers for businesses. Dell expects operating profit as a percent of revenue to be up sharply from the most recent and year-ago quarters.

To: Sig who wrote (170130)	7/12/2002 4:29:05 AM
From: calgal	Read Replies (1) \| Respond to of 176387

Stocks Bounce Back, Dell Casts Ray of Hope Fri Jul 12, 2:41 AM ET By Richard Baum SINGAPORE (Reuters) - Global market tensions abated on Friday as Asian stock markets followed Wall Street's lead and staged a cautious recovery, with an improved earnings outlook from Dell Computer Corp encouraging technology shares. But worries about the U.S. economy and corporate America were not far from investors' minds, and the dollar fell back below the 117 yen level that was breached in New York for the first time since September. Share gains exceeded one percent in Japan, three percent in South Korea ( news - web sites) and four percent in Taiwan after tech stocks fueled a late, sharp rebound from five-year lows on Wall Street on Thursday. Gains elsewhere in Asia were much more modest. "Most high-tech and exporter shares have dropped 20 percent or more this year, and are starting to look quite attractive to bargain hunters," said Hiroshi Sato, equities general manager at Cosmo Securities in Tokyo. Futures trading suggested the U.S. Nasdaq index was set to build on Thursday's two percent rise after Dell, the world's second largest personal computer maker, said second quarter earnings and revenues would be modestly better than it had expected. European markets were poised to rebound after falling four percent in many centers on Thursday to lows of four years or more, with indices in London, Paris and Frankfurt forecast by financial bookmakers to jump as much as 100 points at the open. VALUATIONS STILL HIGH The stock gains persuaded investors to step out of the shelters of bonds and gold, but the mood remained fragile, and few dared to suggest equities were out of the woods. "The key concern really is valuations in the U.S. are still high even though the markets have come off because there were excesses before. So rallies in the U.S. are not likely to be sustainable," said Chew Sutat, associate director at OCBC Securities in Singapore. Still, bargain hunters decided the Tokyo market was worth a punt after the rise in the Nasdaq. Tokyo's technology-sensitive Nikkei average climbed 1.10 percent, or 115.71 points, to 10,601.45. Hong Kong's benchmark Hang Seng Index and its Singapore equivalent, the Straits Times Index, were both up about 0.3 percent at their midday breaks. Australia's S&P/ASX200 closed flat. "Investors here would need to see a stabilizing in U.S. markets very soon to regain confidence," said Alex Wong, research director at OSK Asia Securities in Hong Kong. The more volatile Seoul and Taipei markets made the strongest gains, led by the semiconductor makers that have a heavy weighting in their indices. The Korea Composite Stock Price Index jumped 3.67 percent to 792.93 in the highest ever trade volume, while Taiwan's TAIEX index soared 4.11 percent to 5,416.50. On Wall Street, investors funneled money into tech shares after three down days pushed the Nasdaq and the broad Standard & Poor's 500 to their lowest levels since 1997. The Nasdaq Composite closed up 28.42 points, or 2.11 percent, at 1,374.43 on Thursday. The Dow Jones Industrial Average shed 11.97 points, or 0.14 percent, to 8,801.53. The S&P 500 gained 6.9 points, or 0.75 percent, to 927.37. September Nasdaq futures were up 1.35 percent, with the Dell news coming after the U.S. market closed. Dell shares rose six percent in after hours trade. DOLLAR GAINS CAPPED The bounce in U.S. stocks did little to help the dollar, which sank to 116.51 yen in New York, its weakest since September 21. A rally back above 117 yen in Asia reversed when remarks by Japanese Finance Minister Masajuro Shiokawa gave some traders the impression the Bank of Japan was not about intervene to weaken the yen. Shiokawa said the dollar's decline against the yen seemed to be getting less rapid than two weeks earlier. The dollar was trading at 116.92 yen late in Asia versus 116.89 in New York. The euro was a touch weaker at 98.72 cents from 98.92 cents in late U.S. trade. U.S. Treasuries were softer in Asian trade, with the 10-year yield rising to 4.65 percent from 4.64, and Japanese government bond prices also took a step back as shares rose. Gold fell to $316.65 an ounce from $317.25 in New York. Oil prices rose on expectations a key report out later in the day will forecast strong demand in 2003 . NYMEX August futures were changing hands at $27.05 per barrel, up 22 cents from New York. story.news.yahoo.com